US Laws, Codes, Statutes & Cases

1100.  As used in this article, "public securities" means any issue
of bonds, notes, warrants, or other evidences of indebtedness and the
interest coupons, if any, attached thereto, issued by any public
body.


1101.  As used in this article, "public body" means any county, city
and county, city, municipal corporation, political subdivision,
school district, or any other public district or public corporation,
any public authority, or any agency of any thereof.



1102.  Notwithstanding any provision of law to the contrary, a
member of the legislative body of any public body or any officer or
employee thereof shall not be deemed interested in a contract for the
sale of any public securities issued by such public body; provided,
that such public securities are sold at public sale to the highest
bidder after notice inviting bids has been published as required by
the law under which said bonds are issued, or for one time in a
newspaper of general circulation not less than five (5) days prior to
the date of such sale.