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NOTE: The signature to this assignment must correspond with the name as written on <br /> the face of the within bond in every particular, without alteration or enlargement of any change <br /> whatsoever." <br /> SECTION 7. Sale of Bonds. Without any further authorization from or action by this <br /> Council but subject to the provisions hereof and of applicable law, the Director of Finance is <br /> hereby authorized to issue and sell the Bonds atone time, or from time to time in serves, in one or <br /> more series, or as part of a series of other general obligation bonds of the county, at competitive <br /> sale or at negotiated sale to qualified purchasers in accordance with Section 47-8, Hawaii <br /> Revised Statutes, as amended, in each case at such price or prices and upon such terms and <br /> conditions as he shall approve and determine to be in the best interest of the County Without <br /> limiting the generality of the foregoing, with respect to the sale of the bonds or of portions of the <br /> Bonds, the Director of Finance is hereby authorized to retain Bond counsel, paying agents, <br /> registrars and financial and accounting consultants, upon such terms and conditions as he shall <br /> deem advisable and m the best interest of the County, to select the date for such sale, to publish <br /> and distribute a Notice of Sale or to enter into a contract for the sale of the Bonds or portions <br /> <br /> thereof, in each case in such form and containing such terms and conditions as he shall approve <br /> and deem advisable, to distribute an Official Statement and such other information relating to the <br /> Bonds as he may deem advisable, to receive bids for the sale of the bonds or the portion thereof <br /> being offered and to award the sale of the Bonds or the portion thereof being offered to the bidder <br /> offering the lowest interest cost therefore, in accordance with the applicable Notice of Sale, if any, <br /> provided that the Director of Finance may reserve the right to reject any and all bids. Subject to <br /> <br /> the provisions of SECTION 3 hereof, without further action of this Council, the Bonds shall bear <br /> interest at the rates per annum as specified in the contract or contracts approved or in the bid or <br /> bids accepted. The Director of Finance and all officials of the County are hereby authorized to <br /> take such action and execute such orders, receipts and other documents as may be necessary in <br /> order to effectuate the sale of the Bonds or any portion thereof, and, if any contract therefore be <br /> approved or any bid therefore be accepted, the preparation, execution, and delivery thereof, in <br /> accordance with the provisions hereof and applicable law. <br /> 11 <br /> <br />