(1) Any bonds issued pursuant to the terms of this part 3 may be sold at public or private sale.
If bonds are to be sold at a public sale, the board shall advertise the sale in suchmanner as the board deems appropriate.
Each bond issued pursuant to the terms of this section shall be sold at the price, in themanner, and at such time as the board shall designate. The board may pay any fees, expenses, or commissions which it deems necessary or desirable to accomplish the sale of said bonds. The authority to fix the date of sale of the bonds, to receive bids or proposals, to award and sell bonds, to fix interest rates, and to take all other actions necessary to sell and deliver bonds may be delegated to an officer or agent of the authority.
Pending preparation of the actual bonds, interim receipts or certificates may be issued to the purchaser of the bonds in such form and containing such provisions as the board deems appropriate.
Source: L. 75: Entire part added, p. 1354, § 1, effective July 14. L. 83: (4) amended, p. 1371, § 8, effective June 2. L. 89: (3) amended, p. 1413, § 5, effective July 1.