ORD 2001-033 2000-2002 - Laserfiche WebLink

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therefore are hereby made The proceeds derived from the sale of the Bonds may be used to reimburse the General Fund for funds therefore borrowed and expended pursuant to resolutions of the County Counal to pay costs of certain appropriations set forth in SECTION 14 SECTION 3 Details of Bonds The Bonds authorized for issuance and sale in SECTION 1 hereof shall be issued and sold in their entirety at one time as a separate series of general obligation bonds of the County, or as a part of a series of other general obligation bonds of the County, or from time to time in series, all as shall be determined by the Director of Finance to be in the best interest of the County The Bonds shall be issued in fully registered form without coupons in the denomination of $5,000 or any integral multiple of $5,000, or in such other denominations as the Director of Finance shall determine The Bonds of a serves shall be numbered from 1 upwards in chronological order of delivery or shall be numbered in any other manner as the Director of Finance shall determine The Bonds of a serves shall mature annually on such day in each year in substantially equal installments of principal or in substantially equal installments of principal and interest, the first of such maturities to be no later than five years from the date of the Bond of such series and the last of such maturities to be not later than twenty-five years from the date of the Bond of such series, may be redeemable prior to the stated maturity thereof at any bme at prices not exceeding 105% of the prinapal amount thereof, and shall bear interest at such rate or rates per annum, not exceeding nine percent (9%) per annum, as shall be speafied in the contract approved or the bid accepted for the purchase of the Bonds of such series if any contract therefore be approved or any bid therefore be accepted In accordance with and subject to the provisions of this ordinance, the Director of Finance is hereby authorized to determine with respect to the Bonds of a series, the aggregate principal amount of such serves of Bonds not to exceed $7,000,000, the series designation of such series of Bonds, the date of the Bonds of such series, the interest payment dates and maturity dates of the Bonds of such serves, the amount of principal of such series of Bonds maturing on each maturity date, the registration pnwleges and place or places at which the Bonds of such serves may be paid or registered which may include the office of the Director of Finance, whether or not the Bonds of such series shall be subject to redemption prior to the stated maturity thereof and, if subject to such prior redemption, 2