8302-20240425164838 FORREST SERVICES.docx

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8302-20240425164838 Forrest Serv
Solicitation number
3170028564
Issued by
Forrest County, Mississippi

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This document is a Notice to Bidders from the Forrest County Board of Supervisors in Mississippi. The county is seeking sealed bids until 10:00 a.m. on May 10, 2024, for the purpose of borrowing $90,000 to purchase a fire truck for the Carnes Volunteer Fire Department. The funds will be borrowed pursuant to Mississippi Code Section 17-21-53 and evidenced by a negotiable note that will mature and be paid in five equal installments of principal and interest, with the first installment due one year from the date of issuance.

The county is inviting all interested persons and lending institutions to submit sealed bids indicating the interest rate(s) to be charged, provided the rate(s) do not exceed that authorized by Mississippi Code Section 75-17-101. Bids should be addressed to the Forrest County Board of Supervisors and clearly marked "BID FOR: Negotiable Note (Carnes)". For the prompt payment of the notes, the full faith, credit, and resources of Forrest County are pledged, and the notes will be designated as "bank qualified" under the Internal Revenue Code.

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Notice to Bidders

The Forrest County Board of Supervisors will receive sealed bids until 10:00 a.m., on May 10, 2024, for the purpose of borrowing $90,000 for the purpose of purchasing a Fire Truck for the protection of the County pursuant to contract with the Carnes Volunteer Fire Department.
Said funds shall be borrowed pursuant to the provisions of Mississippi Code Section 17-21-53 and shall be evidenced by a negotiable note in the amount indicted above. Said note shall mature and be paid in five (5) equal installments of principal and interest, with the first installment to be due and payable one (1) year from the date of issuance. The County reserves the right to pay the principal and accrued interest to date for the note at any time prior to maturity without prepayment penalty.
The Forrest County Board of Supervisors invites all persons and lending institutions interested in submitting sealed bids to do so, indicating the interest rate(s) to be charged, provided, however, said interest rate(s) shall not exceed that authorized by Mississippi Code Section 75-17-101. All bids shall be addressed to the Forrest County Board of Supervisors, Post Office Box 1310, Hattiesburg, MS 39403, and clearly marked on the outside of the envelope:
BID FOR: Negotiable Note (Carnes)BID DATE: May 10, 2024

For the prompt payment of said notes when and as due, the full faith, credit and resources of Forrest County, Mississippi are pledged. The County’s negotiable notes shall be designated as “bank qualified” under Section 265(b)(3) of the Internal Revenue Code.

PUBLISHED by the Order of the Board of Supervisors adopted March 20, 2024.

/s/Terri Bell
President, Board of Supervisors

ATTEST:

/s/Lance Reid Chancery Clerk

TO THE PINE BELT NEWS:Please publish (1) time in the legal notices
Section on April 25, 2024, and furnish two (2)
Proofs of Publication.

File details come from the government source that posted it. Updated .