(50 ILCS 450/8) (from Ch. 85, par. 928)
Sec. 8.
The bonds shall be sold to the highest and best bidder at not less than
their par value and accrued interest. The corporate authority shall
advertise for proposals to purchase the bonds. Such advertisement shall be
published at least once in a newspaper having circulation within the county
or municipality, as the case may be, at least 10 days before the date for
opening the bids. The corporate authority may reserve the right to reject
any and all bids and to readvertise for bids.
(Source: P.A. 76-660.)
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