(70 ILCS 1835/14) (from Ch. 19, par. 714)
Sec. 14.
All general obligation bonds issued by the District shall be sold by the
District upon sealed bids to the highest and best responsible bidder who
specifies the lowest net interest cost for such bonds. The Board shall
publish at least once, in a newspaper published in and having general
circulation in the District, a notice of the time, date and place when and
where sealed bids for the purchase of such bonds will be received and
publicly opened, read and tabulated which such date shall not be less than
10 days after the date of such publication. Any such bonds shall be sold
for not less than par plus accrued interest to the date of delivery.
(Source: P.A. 76-1788.)
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