Delaware Code Title 9 Sec. 2312 – Notice of sale of bonds
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The County Council shall provide notice of its intent to sell bonds in at least 2 issues in 1 newspaper of general circulation published in New Castle County at least 10 days prior to the sale of the bonds. The notice shall state the total amount of the proposed issue, the interest rate, the purpose of the bonds and provide a county website where more information can be found.
Code 1935, § ?1170G; 45 Del. Laws, c. 113, § ?1; 47 Del. Laws, c. 178, § ?1; 9 Del. C. 1953, § ?2312; 55 Del. Laws, c. 85, § ?15; 64 Del. Laws, c. 318, § ?10; 71 Del. Laws, c. 401, § ?15; 83 Del. Laws, c. 344, § 2;
Terms Used In Delaware Code Title 9 Sec. 2312
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302