ORD 2001-033 2000-2002 - Laserfiche WebLink

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