Sec. 25.3. Alternative method of publication and circularization

In lieu of the requirement for publication prescribed by section 25.2 of this Part, such notice of the sale of bonds may be published and circularized in the following manner:

(a) by at least one publication of such notice in any newspaper or newspapers which are designated for that purpose by the finance board of the issuer; and

(b) by mailing a copy of such notice to the following:

(1) State Comptroller, 110 State Street, Albany, NY 12236-0001;

(2) at least two banks or trust companies having a place of business in the county or counties in which the issuer is located, or, if only one bank is located in such county or counties, then to such bank and to at least two banks or trust companies having a place of business in an adjoining county;

(3) the Daily Bond Buyer, 1 State Street Plaza, New York, N.Y. 10004; and

(4) at least 10 bond dealers which are designated for that purpose by the finance board of the issuer. the finance board may authorize the chief fiscal officer to make such designations.