108.928. Bonds, how sold, deposit--proceeds--right of commissioners to reject any bid--expenses of sale, how paid. - Missouri Statutes

Bonds, how sold, deposit--proceeds--right of commissioners to rejectany bid--expenses of sale, how paid.

108.928. The board of fund commissioners shall offer such bonds atpublic sale and shall require a deposit of such sum with each bid as willin its judgment be sufficient to guarantee the fulfillment thereof andgenerally shall conduct the sale or sales under such rules and regulationsas shall to it seem advisable, provided the same are consistent withsections 108.925 to 108.933. The board may reserve the right to reject anyand all bids. All expenses incurred by the board of fund commissioners inissuing the bonds, or any part thereof, and attending the placing of thebonds on the market in a marketable condition, shall be paid by the statetreasurer out of the proceeds of the sale of bonds upon warrants drawn bythe commissioner of administration to persons entitled thereto.

(L. 1995 S.B. 21)

Effective 2-9-95