644.516. Additional bonds, how sold, deposits--proceeds--expenses of sale, how paid.

MISSOURI STATUTES AND CODES

644.516. Additional bonds, how sold, deposits--proceeds--expenses of sale, how paid.

Additional bonds, how sold, deposits--proceeds--expenses of sale,how paid.

644.516. The board of fund commissioners shall offer suchbonds at public sale, and shall provide such method as it maydeem necessary for the advertisement of the sale of each issue ofthe bonds before the same are sold, and shall require a depositof such sum with each bid as will in its judgment be sufficientto guarantee the fulfillment thereof and generally shall conductthe sale or sales under such rules and regulations as shall to itseem advisable, provided the same are consistent with sections644.501, 644.511, 644.516, 644.521, 644.526, 644.531, 644.541,644.546, 644.551, 644.556 and 644.561. The board may reserve theright to reject any and all bids. The proceeds thereof shall bepaid into the state treasury as herein provided. No bond issueissued under sections 644.501, 644.511, 644.516, 644.521,644.526, 644.531, 644.541, 644.546, 644.551, 644.556 and 644.561shall be sold at less than its face value and accrued interestfrom date of issue to date of delivery. All expenses incurred bythe board of fund commissioners in issuing the bonds, or any partthereof, and attending the placing of the bonds on the market ina marketable condition shall be paid by the state treasurer outof the proceeds of the sale of the bonds upon warrants drawn bythe commissioner of administration to persons entitled thereto.