71.490. Joint fire department--bonds, notice of sale. - Missouri Statutes

Joint fire department--bonds, notice of sale.

71.490. The city treasurer of the municipality issuing suchbonds, or such other officer as may be designated by ordinance,if there be no city treasurer, under the direction of thecouncil, board of aldermen or board of trustees shall causenotice to be published in such manner as may be provided byordinance that sealed proposals for the purchase of all or a partof said bonds will be received at his office and that the samewill be opened by him in the presence of the council, board ofaldermen or board of trustees on the day and hour mentioned inthe notice. Any and all bids that the council, board of aldermenor board of trustees may not deem satisfactory as to price orotherwise shall be rejected, and in case of rejection the bondsmay be again advertised for sale or they may be sold at not lessthan their face value at private sale.

(RSMo 1939 § 7400)

Prior revision: 1929 § 7249