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<br />I <br /> <br />provisions of Indiana Code 6-1.1-20-5, then nc further steps ~o~~rds the issuance <br /> <br />of said bonds shall be taken unless and until t.rlf: Stéìte BO¡iTG 0: T2:-: C_'~issioner <br /> <br />shall issue its order approving the issuance of said bonds. <br /> <br />In the event it shall <br /> <br />he òeten;lined by the State Board of Tax Co~.issioners, or ot:-IE":--·....'ise, tLat the 'I,..'hole <br /> <br />;:-~T;\Jèlnt 0: the Dunds herein au~hoyiz,eè shal} not be issued, tnen tOne Clerk-TrE:3surer <br /> <br />shall be authorized to advertise and sell a Jesser éilIlount of b',Y;Jès, and t}-Ie bonds <br /> <br />not iss\Jed and sold shall be the bonds of the longest maturity or ~aturities. <br /> <br />Prior <br /> <br />to the sale of the bonds, an order shall be obtained from the State E0ard of Tax <br /> <br />CüIT~íssioners approving the bonds pursuant to Inàiana Code 6-3.5-1-3. <br /> <br />Section 6. Prior to the sale of said bonds, the Clerh-Trea5urer shall ca~se to <br /> <br />_.~- <br /> <br />be ptlhlished a notice of sale once each week for two weeks. <br /> <br />The date fixed for the <br /> <br />sale shall not be earlier than seven (7) days after the last of said publications. <br /> <br />S~i¿ bond saJe notice s}lall state the time and place of sale, the total amount of <br /> <br />bonds, tÌle :T¡;-iximurr. rate of interest t'hereon, t1)€ maturities thereof, the purpose <br /> <br />ior \.;hich tÌ1e bonds are being issued, the tenns and conditions on which bid~; ....rj] 1 be <br /> <br />received and the sale made, and shall set out StIch other information as the Clerk- <br /> <br />Treasurer shall deem necessary. <br /> <br />Said bonds shall not be advertised for sale prior <br /> <br />to the expiration of the period during which taxpayers may file remonstrances or <br /> <br />objecting petitions to the is~uance of said bonds. <br /> <br />All bids for said bends shall be sealed, and shall be presented to the <br /> <br />Clerk-Trcasllrer at her office. <br /> <br />TIle Clerk -Treasurer shall continue to receive bids <br /> <br />until the time on the day fixed in the bond sale notice, at which time and pJace <br /> <br />she shall open and consider the bids, Bidders for said bonds shall be required <br /> <br />to name the rate or rates of interest which the bonds are to bear, not exceeding <br /> <br />the rate hereinbefore named. <br /> <br />Such interest rate or rates 5ha11 be multiples of <br /> <br />one-eighth (1/8) or one-tenth (1/10) of one per cent (1%), and not more t~]a~ three <br /> <br />(3) diff~rent interest rates shall be n~TII~d by each bidder. <br /> <br />nle Clerk-Trea;-.urer <br /> <br />shall a~ard tI,e bonds to the highest qualified bidder. <br /> <br />The }-Ji glJ€st bi dder s:1Fill be <br /> <br />~ <br /> <br />the ('~je \..7ho offers the ]m...~est net intcrEst cost to tile Ten..lD, to be dE:t(~nI,in'_-"(: by <br /> <br />COQPuting the total interest on all of the bonds to tllcir ~aturities hnd ~~;:llcting <br /> <br />therefrom the premium bid, if any. <br /> <br />No bid for less than par value of said bonds, <br /> <br />incllJding accrllpd interest to the date of deliv~ry, sl]al1 be considered. <br /> <br />Tne CJ erk- <br /> <br />Trvasurer shall have the full right to reject any and all bids. <br /> <br />In the event no <br /> <br />s~tjsfactory bids for said bonds are received at the time fixed in said notice, the <br />