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SEC'I~ION 4. Details of Bonds. The Bonds authorized for issuance and sale in Section <br /> 3 hereof shall be issued and sold in one or more or as part of a series of other general obligation bonds of <br /> the County, all as shall be determined by the Director of Finance to be in the best interest of the County. <br /> I~he Bonds of a serics shall he issued in fully registered form without coupons in the denomination of <br /> $5,000 or any integral multiple of $5.000, or in such other denominations as the Director of Finance <br /> shall determine. "fhe Bonds of a serics shall be numbered from I upwards in chronological order of <br /> delivery or shall be numbered in any other manner as the Director of Finance shall determine. "fhe <br /> Bonds of a series shall mature annually on such day in each year in substantially equal installments of <br /> principal or in substantially equal installments of principal and interest, the first ofsuch maturities to be <br /> no later than five years li-om the date of the Bonds ofsuch series and the last ofsuch maturities to be not <br /> later than twenty-tivc years from the date of the Bonds of such series, may be redeemable prior to [he <br /> stated maturity thereof at any time at prices not exceeding 105% of the principal amount thereof. and <br /> <br /> shall bear interest at such rate or rates per annum, not exceeding seven percent (7%) per annum, as shall <br /> be specified in the contract approved or the bid accepted for the purchase of the Bonds ofsuch series if <br /> any contract therefor be approved or any bid therefor be accepted. In accordance with and subject to the <br /> provisions of this ordinance, the Director of Ninance is hereby authorized to determine with respect to <br /> the Bonds of a series, the aggregate principal amount ofsuch series of Bonds; the series designation of <br /> such series of Bonds; the date ofsuch series of Bonds; the interest payment dates and maturity dates of <br /> such series of Bonds; the amount of principal ofsuch series of Bonds maturing on each maturity date; <br /> <br /> the registration privileges and place or places at which such series of Bonds may be paid or registered <br /> which may include the office of the Director of Finance; whether or not such series of Bonds shall be <br /> subject to redemption prior to the stated maturity thereof and, if subject to such prior redemption, the <br /> times, prices, methods and other provisions for such prior redemption; whether such serics of Bonds <br /> shall bear interest at tixcd rates or at a rate or rates which vary from time to time and the methodology <br /> for determining such variable rate or rates; the rights, if any, of the holders ofsuch Bonds of a series to <br /> <br /> tender for purchase and the price or prices and time or times and terms and conditions upon which those <br /> rights may be exercised; the rights of the County to purchase the Bonds of a series and price or prices <br /> and the time or times and tcnns and conditions upon which those rights may be exercised and the <br /> purchase may he made; and all other details of such series of Bonds. <br /> SEC"PION 5. Redemption of Bonds. In the event any of the Bonds shall be subject to <br /> prior redemption and if any Bond (or portion thereof in installments which are integral multiples of the <br /> smallest denomination thereof) is to be redeemed, notice of redemption shall be given in such manner as <br /> 2 <br /> <br />