§ 159-127. Award of bonds. - North Carolina Statutes

§ 159‑127.  Award of bonds.

All bids received pursuant to a public sale shall be opened in publicon a date and at a time and place to be specified in the notice of sale. Bondssold at public sale shall be awarded to the bidder offering to purchase the bondsat the lowest interest cost to the issuing unit calculated in the mannerestablished by the Secretary of the Commission in the notice of sale. (1931, c. 60, s. 18; 1935, c. 356, s. 1; 1939, c. 231, s. 3; 1971, c.780, s. 1; 2005‑238, s. 8.)