The office of the director of finance in the city hall is designated as a place of
sale and delivery of all bonds. All proposals for bonds shall be sealed proposals,
and shall be received up to 11:00 a.m. of the day the sale is to take place, and shall
be immediately thereafter opened in the office of the director of finance.
Each bid shall be accompanied by a certified check on a solvent bank payable to the
order of the director of finance, for 3 percent of the first $100,000 of the bonds
bid for and for 1 percent of all bonds in excess of $100,000 bid for, as a guarantee
of good faith on the part of the bidder, and that if the bonds are awarded to the
bidder he will take and pay for same.
(C.O. 303-4; renumbered to C.M.C. 303-7, eff. Jan. 1, 1972; a. Ord. No. 337-1979,
eff. Aug. 1, 1979; a. Ord. No. 133-1984, eff. March 28, 1984)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
