Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 4641
Contents of notice of sale — Deposit
Official textdelcode.delaware.gov
The notice of sale shall require all bidders to deposit a certified or cashier’s check for 2% of the amount of bonds proposed to be sold, to secure the district from any loss resulting from the failure of the bidder to comply with the terms of his or her bid.
Amendment history
56 Del. Laws, c. 103, § 13; 70 Del. Laws, c. 186, § 1
Source: view the official text
In this title (40 sections)
- 9-4621 · Order to connect to sewer; enforcement
- 9-4622 · Surveys and inspection by county government; penalty for…
- 9-4623 · Annexation
- 9-4624 · Dissolution and diminishing area of sewer districts
- 9-4625 · Exception to limitation on borrowing power
- 9-4626 · Power to incur indebtedness by issuing bonds and notes
- 9-4627 · Bond resolution vote required
- 9-4628 · Form and content of bond resolution
- 9-4629 · Procedure for passage of bond resolution
- 9-4630 · Effective date of bond resolution
- 9-4631 · Authorization of notes in anticipation of bonds
- 9-4632 · Other proceedings by resolution
- 9-4633 · Payment of bonds
- 9-4634 · Payment of installment
- 9-4635 · Period of usefulness
- 9-4636 · Consolidation of bond issues
- 9-4637 · Public sale of bonds
- 9-4638 · Contents of notice of sale — Generally
- 9-4639 · Contents of notice of sale — Award of bonds at single interest…
- 9-4640 · Contents of notice of sale — Multiple rate bidding
- 9-4641 · Contents of notice of sale — Deposit
- 9-4642 · Contents of notice of sale — Rejection of proposals
- 9-4643 · Proposals opened publicly
- 9-4644 · Private sale to public agencies
- 9-4645 · Form of bonds
- 9-4646 · Form of notes
- 9-4647 · Execution of bonds and notes
- 9-4648 · Bonds and notes redeemable prior to maturity
- 9-4649 · Interest rates
- 9-4650 · Application of proceeds
- 9-4651 · Bonds and notes negotiable
- 9-4652 · Reconversion of fully registered bonds
- 9-4653 · Reissuance of bonds or notes lost or destroyed
- 9-4654 · Reissuance of defaced or partially destroyed bonds or notes
- 9-4655 · Certain agreements forbidden
- 9-4656 · Payment of bonds and notes
- 9-4657 · Appropriation may include engineering and other costs
- 9-4658 · Validity of bonds not dependent on preliminary proceedings
- 9-4659 · Legal effect of debt statement
- 9-4660 · Short period of limitations