Unless the notice of sale permits the naming of more than 1 rate of interest, as hereinafter provided, it shall state that all the bonds bid for shall bear a single rate of interest and, in case of a sale of more than 1 issue, after describing the separate issues, shall state the combined maturities as if such combined maturities constituted a single issue. The notice of sale shall state that the bonds will be awarded to the bidder offering the lowest interest rate and, as between bidders offering the same lowest rate, to the bidder who offers to pay the highest cash premium.
Structure Delaware Code
Chapter 46. SEWERS AND SEWER DISTRICTS
§ 4605. Representation by municipalities and districts.
§ 4606. Establishment of the county district.
§ 4607. Referendum upon petition.
§ 4609. Validation of prior establishment of districts.
§ 4610. Plans and specifications.
§ 4612. Powers of the county government.
§ 4614. Sewage charges and revenues.
§ 4615. Expense of the improvement.
§ 4616. Increase and improvement of facilities.
§ 4617. Increase of maximum amount to be expended.
§ 4619. Extension of the district.
§ 4620. Changes in zones of assessment.
§ 4621. Order to connect to sewer; enforcement.
§ 4622. Surveys and inspection by county government; penalty for refusal to permit.
§ 4624. Dissolution and diminishing area of sewer districts.
§ 4625. Exception to limitation on borrowing power.
§ 4626. Power to incur indebtedness by issuing bonds and notes.
§ 4627. Bond resolution vote required.
§ 4628. Form and content of bond resolution.
§ 4629. Procedure for passage of bond resolution.
§ 4630. Effective date of bond resolution.
§ 4631. Authorization of notes in anticipation of bonds.
§ 4632. Other proceedings by resolution.
§ 4634. Payment of installment.
§ 4636. Consolidation of bond issues.
§ 4638. Contents of notice of sale — Generally.
§ 4639. Contents of notice of sale — Award of bonds at single interest rate.
§ 4640. Contents of notice of sale — Multiple rate bidding.
§ 4641. Contents of notice of sale — Deposit.
§ 4642. Contents of notice of sale — Rejection of proposals.
§ 4643. Proposals opened publicly.
§ 4644. Private sale to public agencies.
§ 4647. Execution of bonds and notes.
§ 4648. Bonds and notes redeemable prior to maturity.
§ 4650. Application of proceeds.
§ 4651. Bonds and notes negotiable.
§ 4652. Reconversion of fully registered bonds.
§ 4653. Reissuance of bonds or notes lost or destroyed.
§ 4654. Reissuance of defaced or partially destroyed bonds or notes.
§ 4655. Certain agreements forbidden.
§ 4656. Payment of bonds and notes.
§ 4657. Appropriation may include engineering and other costs.
§ 4658. Validity of bonds not dependent on preliminary proceedings.
§ 4659. Legal effect of debt statement.