The boards and officers of the several taxing districts of the state in the issuance and sale of evidences of indebtedness of their respective taxing districts, may offer in writing at a fair market price, which price shall not be less than par and accrued interest, to the state highway patrol retirement board, prior to advertising the same for sale, all such issues as may not have been taken by the trustees of the sinking fund of the taxing district issuing such evidences of indebtedness. The board shall, within ten days after the receipt of such written offer, either:
(A) Accept the same and purchase such evidences of indebtedness, or any portion thereof, at a fair market price, to be evidenced by a resolution of the board of officers of the taxing district issuing such evidences of indebtedness, but at a price of not less than par and accrued interest;
(B) Reject such offer in writing.
Effective Date: 01-01-1966
Section: Previous 5505.064 5505.065 5505.068 5505.069 5505.0610 5505.07 5505.08 5505.09 5505.10 5505.11 5505.111 5505.112 5505.12 5505.121 5505.122 NextLast modified: October 10, 2016