Pennsylvania Act 1915-253 — SALE OF BONDS BY CITIES AUTHORIZED

Act text

SALE OF BONDS BY CITIES AUTHORIZED
                  Act of May 28, 1915, P.L. 582, No. 253              Cl. 11
                                  AN ACT

     Authorizing the sale by cities of the first class of their bonds
        to the sinking-fund commissioners of such cities, without
        advertisement, in certain cases.

        Section 1.  Be it enacted, &c., That it shall be lawful for
     cities of the first class in this Commonwealth to sell the bonds
     of such cities to the sinking-fund commissioners thereof,
     without advertisement, at not less than par, whenever, in the
     opinion of the mayor, the city controller, and the city
     solicitor, or a majority of them, such sale without
     advertisement may be deemed necessary or advisable; and the said
     sinking-fund commissioners shall thereupon be duly authorized to
     purchase the said bonds as aforesaid.