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<br /> later than twenty-five years from the date of the Bonds of such series, may be redeemable prior to the <br /> stated maturity thereof at any time at prices not exceeding 105% of the principal amount thereof, and <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 of such series if <br /> any conlract therefor be approved or any bid therefor be accepted. In accordance with and subject to the <br /> provisions of this ordinance, the Director of Finance is hereby authorized to determine, with respect to <br /> the Bonds of a series, the aggregate principal amount of such series of Bonds; the series designation of <br /> such series of Bonds; the date of such series of Bonds; the interest payment dates and maturity dates of <br /> such series of Bonds; the amount of principal of such series of Bonds maturing on each maturity date; <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 series of Bonds <br /> shall bear interest at fixed 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 of such Bonds of a series to <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 terms and conditions upon which those rights may be exercised and the <br /> purchase may be made; and all other details of such series of Bonds. <br /> SECTION 4. 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 aze integral multiples of the <br /> smallest denomination thereof) is to be redeemed, notice of redemption shall be given in such manner as <br /> the Director of Finance shall detemrine. If any Bond shall have been duly called for redemption and <br /> notice of such redempfion duly given in the manner detemrined by the Director of Finance, and if <br /> moneys for the payment of such Bond at the then applicable redemption price and the interest accrued <br /> on the principal amount thereof to the date of redemption are made or duly provided for by the County, <br /> interest on such Bond shall cease to accrue and become payable from and after the date fixed for <br /> redemption. <br /> SECTION 5. Payment of Bonds. The principal of and interest and premium, if any, on <br /> the Bonds shall be payable in any coin or currency of the United States of America which at the time of <br /> payment is legal tender For public and private debts. <br /> 3 <br /> <br />