Sec. 104.211. - Procedure for sale of bonds.

Bonds issued by the City or its independent agencies pursuant to F.S. Ch. 130 or F.S. Ch. 166, special acts of the Legislature or the Charter shall be offered for public sale and shall be awarded to the bidder whose bid produces the lowest net interest cost for the bonds, calculated in the manner the Council may prescribe in accordance with sound financial practices. Notice of a sale of bonds shall be published at least twice in a newspaper published in and having a general circulation in Duval County, and the first publication shall be made at least 15 days prior to the date set for opening bids. In addition to this publication, notice in writing of the proposed sale shall be given to at least three recognized bond dealers in the State. The Consolidated Government shall reserve the right to reject any and all bids. (Ord. 81-432-188, § 1; Ord. 83-591-400, § 1) Note— Former § 128.401 .