75.3 Sealed and open bids.
Sealed bids may be received at any time prior to the calling for open bids, if open bids are provided for in the notice of sale. After the sealed bids are all filed, the official or officials shall call for open bids, if open bids are provided for in the notice of sale. After all of the open bids have been received the substance of the best open bid shall be noted in the minutes. If open bids are not permitted in the notice of sale, sealed bids may be received until it is announced that all sealed bids shall be opened. The official or officials shall then open any sealed bids that have been filed and they shall note in the minutes the substance of the best sealed bid.
[C24, 27, 31, 35, 39, §1173; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §75.3]
83 Acts, ch 90, §14
Structure Iowa Code
Title II - ELECTIONS AND OFFICIAL DUTIES
Chapter 75 - AUTHORIZATION AND SALE OF PUBLIC BONDS
Section 75.1 - Bonds — election — vote required.
Section 75.2 - Notice of sale.
Section 75.3 - Sealed and open bids.
Section 75.4 - Rejection of bids.
Section 75.6 - Commission and expense.
Section 75.8 - Sale of state bonds.
Section 75.9 - Exchange of bonds.
Section 75.10 - Denominations of bonds.