The bonds shall be sold by the governing body of the county at not less than par and accrued interest on sealed proposals after a publication of notice of sale one or more times in a newspaper designated by the governing body. The governing body shall reserve the right to reject all bids. In the event that all bids be rejected, it shall have the right to sell the bonds at private sale if a price in excess of the highest bid received in pursuance of the call for bids is obtainable or, in its discretion, to readvertise for sealed bids.
HISTORY: 1962 Code Section 33-1363; 1952 Code Section 33-1363; 1942 (42) 1693.
Structure South Carolina Code of Laws
Title 57 - Highways, Bridges and Ferries
Chapter 21 - Paving Districts In Counties With City Of Over 70,000
Section 57-21-10. Paving districts may be established in certain counties.
Section 57-21-20. Method of establishment; appointment of paving district commission.
Section 57-21-30. Terms of commissioners; officers; vacancies.
Section 57-21-40. Name of district and commission.
Section 57-21-50. Order for election on tax levy to pay for paving.
Section 57-21-60. Time and notice of election.
Section 57-21-70. Managers of elections; formalities of voting.
Section 57-21-80. Declaration of result of election; contest.
Section 57-21-90. Effect of election.
Section 57-21-100. Issuance of bonds.
Section 57-21-110. Terms of bonds.
Section 57-21-120. Execution of bonds; designation.
Section 57-21-130. Sale of bonds.
Section 57-21-140. Levy of tax.
Section 57-21-150. Pledge of full faith, credit, and taxing power of county; increase in levy.
Section 57-21-160. Payment of bonds.
Section 57-21-170. Payment of proceeds of bond issue.
Section 57-21-180. Use of proceeds of bond issue.
Section 57-21-190. Powers of county governing body.
Section 57-21-200. Eminent Domain.