51-31-69 - Sale of district bonds.
§ 51-31-69. Sale of district bonds.
In case the drainage district shall issue bonds for any part of the money levied for the purpose of the district as hereinabove authorized, said bonds may be sold upon the market to the best advantage but shall not be sold for less than par value, unless a sale below par be approved by the chancellor and the commissioners. The whole amount realized from the sale of such bonds shall be deposited in the treasury of said district.
Sources: Codes, 1906, § 1709; Hemingway's 1917, § 4297; 1930, § 4402; 1942, § 4607; Laws, 1914, ch. 273.