The bonds may be issued as serial bonds or as term bonds, or the City Council, in
its discretion, may issue bonds of both types. The bonds shall be authorized by resolution
of the City 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, 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, and be subject to such terms of redemption as the resolution
or resolutions of the City Council may provide. The bonds may be sold at either a
public or private sale and for such prices as the City Council shall determine. Pending
preparation of the definitive bonds, the City may issue interim receipts, certificates,
or temporary bonds which shall be exchanged for such definitive bonds.
(Added by Ord. 3069-C.S., § 1, effective 12-4-97)
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