61-08-14. Awarding sale of bond issue - Rejecting bids

61-08-14. Awarding sale of bond issue - Rejecting bids The board of directors shall award the sale of bonds to the bidder who agrees to purchase them upon the terms most favorable to the district, except that the board may reject any and all bids. No sale may be for less than ninety-eight percent of the par value and accrued interest on the bonds.