The notice of sale may, as an alternative to a single interest rate, permit bidders to name 2 or more interest rates for the bonds proposed to be sold, within such limitations as the notice of sale may provide. In such event it shall state that all the bonds will be awarded to the bidder on whose bid the total loan may be made at the lowest net interest cost to the district, such net cost being computed, as to each bid, by adding to the total principal amount of the bonds the total interest which will be paid under the terms of the bid, after deducting from such interest the amount of premium, if any.
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.