Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 564
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, 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 § 578 of this title.
# (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
48 Del. Laws, c. 331, § 13; 55 Del. Laws, c. 85, § 4A
Source: view the official text
In this title (40 sections)
- 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
- 9-535 · Suburban community streets and roads
- 9-551 · Definitions
- 9-552 · Bonds; power of county government to issue; terms of; faith and…
- 9-553 · Petition to county government for improvements; who may…
- 9-554 · Determination by county government after receipt of petition
- 9-555 · Review and approval of data by county engineer
- 9-556 · Election to authorize bond issue; fixing time for holding;…
- 9-557 · Notice of election; contents of notice
- 9-558 · Place, time and manner of voting; judge of election
- 9-559 · Persons qualified to vote
- 9-560 · Certification of result of election; retention of ballots
- 9-561 · Notification to county engineer if bond issue authorized
- 9-562 · Bonds; issuance of by county government; resolution authorizing…
- 9-563 · Preparation, form and execution of bonds
- 9-564 · Sale of bonds; proceeds of sale; advertising required
- 9-565 · Requirements for bidding on bonds
- 9-566 · Rejection and acceptance of bids; opinion required
- 9-567 · Contracts for improvements; procedure for awarding; terms
- 9-568 · Payment to contractor
- 9-569 · Improvements incorporated into contractor’s system;…
- 9-570 · Assessment on real property in suburban community; time for…
- 9-571 · Determination of portion of total assessment payable annually;…
- 9-572 · Lien book; preparation and distribution
- 9-573 · Notice of assessment; when to be given; contents; interest on…
- 9-574 · Record of lien on books of board of assessment
- 9-575 · Receipt and disposition of assessments; bond
- 9-576 · Bill for annual installment of assessment; mailing
- 9-577 · Collection of assessments in default; procedure; deficiencies
- 9-578 · Special sinking fund
- 9-579 · Payment and retirement of bonds and interest
- 9-580 · Cancellation of bonds
- 9-601 · Purpose
- 9-602 · Definitions
- 9-603 · Tax exemption of parks and recreation areas