The Law of Municipal Bonds Including a Digest of Statutory Laws Relating to the
The Law of Municipal Bonds Including a Digest of Statutory Laws Relating to the
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(3991- 39930 39. School Bonds in City Districts of the First Class: The board of education of any school district of the first class, except a district embracing a city of the first grade of the first class (Cincinnati), may issue bonds to obtain or improve public school property, and in anticipation of income from taxes for such purpose, levied or to be levied, may, from time to time as occasion requires, issue and sell bonds under the restrictions, and bearing the rate of interest specified i...n the preceding sec- tion in the case of other school district bonds, but no greater amount of such bonds shall be issued in any one year, than will equal the aggregate of a tax at the rate of two mills for the previous year. An order to issue such bonds shall be made only at a regular meeting of the board and by vote of a majority of all the members, taken by yeas and nays, and entered on the journal thereof. (3994. ) GENERAL.
40. Sale of Bonds: All bonds issued by boards of county commissioners, boards of education, commissioners of free turnpikes, shall be sold to the highest bidder, after being advertised three times weekly in a newspaper of general circu- lation in the county, and if the amount of bonds exceeds twenty thousand dollars, in an additional newspaper of general circula- tion in the state three times weekly.
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To quickly assess the difficulty of the text, read a short excerpt:
(3991- 39930 39. School Bonds in City Districts of the First Class: The board of education of any school district of the first class, except a district embracing a city of the first grade of the first class (Cincinnati), may issue bonds to obtain or improve public school property, and in anticipation of income from taxes for such purpose, levied or to be levied, may, from time to time as occasion requires, issue and sell bonds under the restrictions, and bearing the rate of interest specified i...n the preceding sec- tion in the case of other school district bonds, but no greater amount of such bonds shall be issued in any one year, than will equal the aggregate of a tax at the rate of two mills for the previous year. An order to issue such bonds shall be made only at a regular meeting of the board and by vote of a majority of all the members, taken by yeas and nays, and entered on the journal thereof. (3994. ) GENERAL.
40. Sale of Bonds: All bonds issued by boards of county commissioners, boards of education, commissioners of free turnpikes, shall be sold to the highest bidder, after being advertised three times weekly in a newspaper of general circu- lation in the county, and if the amount of bonds exceeds twenty thousand dollars, in an additional newspaper of general circula- tion in the state three times weekly.
What to read after The Law of Municipal Bonds Including a Digest of Statutory Laws Relating to the?
You can find similar books in the "Read Also" column, or choose other free books by J a James Audubon Burhans to read onlineMoreLess
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