Kentucky Statutes 180.140 – Bonds to be advertised and sold to highest bidder
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(1) All bonds issued under the provisions of KRS § 180.070 shall be sold to the highest and best bidder after having been advertised.
(2) In advertising for bids for the bonds it shall not be necessary to state the exact face amount of the bonds, if the conditions are stated upon which the face amount may be determined prior to the delivery of the bonds.
(3) Bids may be invited at the same time for the bonds of more than one (1) bridge project, and a bid may cover more than one (1) project.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 4356s-10, 4356s-20.
(2) In advertising for bids for the bonds it shall not be necessary to state the exact face amount of the bonds, if the conditions are stated upon which the face amount may be determined prior to the delivery of the bonds.
Terms Used In Kentucky Statutes 180.140
- Advertising: means the giving of notice by publication pursuant to KRS Chapter
424. See Kentucky Statutes 180.010 - State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(3) Bids may be invited at the same time for the bonds of more than one (1) bridge project, and a bid may cover more than one (1) project.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 4356s-10, 4356s-20.