Section 130.04, Florida Statutes 2001
130.04 Notice for bids and disposition of bonds.--In case the issuing of bonds shall be authorized by the result of such election, the county commissioners shall cause notice to be given by publication in a newspaper published in the county, or in some newspaper published in the same judicial circuit, if there be none published in the county, that they will receive bids for the purchase of county bonds at the clerk's office, on a date not less than 10 days nor more than 60 days from the first publication of such notice. The notice shall specify the amount of bonds offered for sale, the rate of interest, and the time when principal and installments of interest shall be due and payable. Any and all bids shall be rejected if the commissioners shall deem it to the best interest for the county so to do, and they may cause a new notice to be given in like manner inviting other bids for said bonds; provided, that when the rate of interest on said bonds exceeds 5 percent per annum, said bonds shall not be sold for less than 95 cents on the dollar, but when any bonds have heretofore been provided for by election, and the rate of interest is 5 percent per annum, or less, that in such cases the county commissioners may accept less than 95 cents upon the dollar, in the sale of said bonds, or for any portion of said bonds not already sold; provided, however, no bonds shall be sold for less than 90 cents on the dollar.
History.--s. 6, ch. 2088, 1877; RS 596; s. 1, ch. 5200, 1903; GS 792; RGS 1537; s. 1, ch. 8551, 1921; CGL 2315; s. 1, ch. 61-113; s. 1, ch. 63-118.