31-29-9 - Sale of bonds; price; notice of sale. - Mississippi Statutes

§ 31-29-9. Sale of bonds; price; notice of sale.
 

The State Bond Commission shall sell such bonds in the manner and at a price which will result in the lowest interest rate on the best terms obtainable for the state, but no such sale shall be made at a price less than par plus accrued interest to date of delivery of the bonds to the purchaser. Notice of the sale of any such bonds shall be published at least one time not less than ten (10) days prior to the date of sale and shall be so published in one or more newspapers having a general circulation in the City of Jackson and in one or more other newspapers or financial journals as may be directed by the State Bond Commission. 
 

Sources: Laws,  1987, ch. 437, § 5, eff from and after passage (approved March 30, 1987).