27-105-307 - When no bids submitted; board to readvertise.
§ 27-105-307. When no bids submitted; board to readvertise.
When no bid is made by any qualified financial institution in the county or in the adjoining county to qualify as a depository at the January meeting, the board of supervisors shall readvertise at some subsequent meeting for a depository and select same, in the manner provided by law.
Sources: Codes, Hemingway's 1917, § 4236; 1930, § 4342; 1942, § 9146; Laws, 1914, ch. 257; Laws, 1916, ch. 208; Laws, 1985, ch. 514, § 18, eff from and after October 1, 1985.