12-3428. Same; sale of bonds; conditions. All bonds sold hereunder may be sold at public or private sale in the discretion of the board of directors. If such bonds are sold at public sale, they shall be awarded to the best bidder, based upon an open competitive public offering. Notice of sale of such bonds shall be advertised at least fourteen (14) days in advance of the time of receiving bids and said notice shall appear at least once a week for two (2) successive weeks in a newspaper of general circulation in the county where the principal office of the port authority is located. No bonds shall be sold for less than par value.
History: L. 1969, ch. 89, ยง 28; July 1.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
12-3401 Port authorities; definitions.
12-3404 Same; employees; advisory board; professional help.
12-3405 Same; area of jurisdiction.
12-3409 Same; validity of modification, amendment or extension of plan.
12-3411 Same; inapplicability to other laws.
12-3413 Same; budget; rents and charges; surplus of funds, use.
12-3414 Same; treasurer's bond; deposits and disbursements of funds.
12-3416 Port authorities; conditions of bonds; negotiability.
12-3417 Same; bonds; installment payment of bonds; conversion provisions.
12-3420 Same; issuance of bonds and refunding bonds; approval required.
12-3422 Same; pledges of revenues and income; powers of board of directors.
12-3423 Same; agreement with federal government.
12-3424 Same; segregation and use of proceeds; contracts for buildings and facilities.
12-3425 Same; approval of bonds by attorney general; effect.
12-3426 Same; investments in bonds of authority authorized.
12-3428 Same; sale of bonds; conditions.
12-3429 Same; emergencies; contracts.
12-3430 Same; oath and bond of trustees.
12-3431 Same; meetings open to public; records.