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Sale of bonds.

Wilmington City Code § 2-455
in effect
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Sec. 2-455. - Sale of bonds. To the extent that the supplemental ordinance authorizing any series of bonds coming under this division shall not otherwise provide: (1) All bonds shall be sold at public, private or invited sale as the bond committee may determine to be in the best interest of the city and, if sold at competitive public sale, shall be sold to the purchaser or purchasers submitting the highest and best bid upon such terms and conditions of the bidding as shall be specified in an official notice of sale issued in the name of the city; and (2) The terms upon which or the prices for which the bonds are to be sold or exchanged, and the form, terms and provisions of the bonds shall be determined by the bond committee. (Code 1968, § 30-106)
Source: City of Wilmington, Delaware, City Code, City Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/de/wilmington/codes/code_of_ordinances?nodeId=PTIIWICO_CH2AD_ARTVIFI_DIV7GEOBBO_S2-455SABOFetched: 11/6/2026

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2-455 | Corpus