Bonds may be issued as serial bonds, term bonds, installment bonds or pass-through
certificates or any combination thereof. Bonds shall be authorized by resolution of
the Council and shall bear such date or dates, mature at such time or times, bear
interest at such fixed or variable rate or rates, be payable at such time or times,
be in such denominations, be in such form, either coupon or registered, carry such
registration privileges, be executed in such manner, be payable in lawful money of
the United States of America at such place or places, be subject to such terms of
redemption and have such other terms and conditions as such resolution or any indenture
authorized by such resolution to be entered into by the City may provide. Bonds may
be sold at either a public or private sale and for such prices as the City shall determine.
(Added by Ord. 2552-C.S., § 1, effective 11-19-87)
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