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§ 3933. Bids for loan; deposit accompanying

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 3. State Fiscal Affairs in General (Refs & Annos)
State Debt
War Loans
72 P.S. § 3933
§ 3933. Bids for loan; deposit accompanying
Currentness
Bids for such loan shall be received by the Governor, and shall be opened in the presence of the Governor and the Commissioners of the Sinking-Fund.1 The loan shall be awarded by the Governor and the Commissioners of the Sinking-Fund to the highest bidder: Provided, That no certificate of loan or bond, issued under the authority of this Act, shall be negotiated for less than par.
No bid shall be considered unless it be accompanied with a deposit of five per cent. on the amount bid for.

Credits

1917, July 11, P.L. 775, § 3.

Footnotes

1
Now Board of Finance and Revenue in the Treasury Department. See 71 P.S. §§ 12 and 62.
72 P.S. § 3933, PA ST 72 P.S. § 3933
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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