Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 515
Sale of bonds; proceeds of sale; advertising required
# (a)
The county government shall negotiate the sale and delivery of the bonds. The proceeds of the sale of the bonds shall be paid into the treasury of the county government to be used for the purposes provided in this subchapter; provided, however, that any excess received from the sale of the bonds beyond the cost of the project shall immediately be transferred to the special sinking fund required by § 532 of this title after payment to the Division of Highways for preliminary engineering and construction inspection costs.
# (b)
The county government shall advertise the bonds for sale in at least 2 issues each of 2 newspapers, 1 of which shall be published in a newspaper of general circulation in the City of Wilmington, Delaware, and 1 of which shall be published in the City of New York, inviting bids for the same, which advertisements shall state the total amount of the proposed issue, the denominations of the bonds, the place of payment of the bonds and interest, the place and date of opening the bids, and the conditions under which the bonds are to be sold. The county government may give notice of the sale of the bonds in such other manner as it may decide.
Amendment history
45 Del. Laws, c. 123, § 14; 46 Del. Laws, c. 292, § 5; 55 Del. Laws, c. 85, § 4A; 60 Del. Laws, c. 609, § 4
Source: view the official text
In this title (40 sections)
- 9-344 · Rejection and forfeiture of assigned claims
- 9-345 · Dealing in county warrants by elected officials
- 9-346 · Gifts or rebates; penalty
- 9-347 · Investigation; power to compel attendance of witnesses and to…
- 9-348 · Annual audit; qualifications and selection of auditors
- 9-349 · Public advertising and notices
- 9-501 · Definitions
- 9-502 · Bonds; power of county government to issue; terms of; faith and…
- 9-503 · Petition to county government for improvements; who may…
- 9-504 · Survey and plot of community by State Department of…
- 9-505 · Determination by county government after receipt of survey and…
- 9-506 · Division of Highways data
- 9-507 · Election to authorize bond issue; fixing time for holding
- 9-508 · Contents of notice of election
- 9-509 · Place, time and manner of voting; judge of election
- 9-510 · Persons entitled to vote
- 9-511 · Certification of result of election; retention of ballots
- 9-512 · Notification to Director if bond issue authorized
- 9-513 · Bonds; issuance by county government; resolution authorizing…
- 9-514 · Preparation, form and execution of bonds
- 9-515 · Sale of bonds; proceeds of sale; advertising required
- 9-516 · Requirements for bidding on bonds
- 9-517 · Rejection and acceptance of bids; opinion required
- 9-518 · Rights-of-way; acquisition of; limitations on
- 9-519 · Contracts for improvements; procedure for awarding
- 9-520 · Exemption from limitations of county contract laws
- 9-521 · Supervision of work
- 9-522 · Payment to contractor
- 9-523 · Maintenance of improvements
- 9-524 · Assessment on real property in suburban community; time for…
- 9-525 · Determination of portion of total assessment payable annually;…
- 9-526 · Lien book; preparation and distribution
- 9-527 · Notice of assessment; when to be given; contents; interest on…
- 9-528 · Record of lien on books of board of assessment
- 9-529 · Receipt and disposition of assessment payments; bond
- 9-530 · Bill for annual installment of assessment; mailing
- 9-531 · Collection of assessments in default; procedure; deficiencies
- 9-532 · Special sinking fund
- 9-533 · Payment and retirement of bonds and interest
- 9-534 · Cancellation of bonds