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<br /> delivery or shall be numbered in any other manner as the Director of Finance shall determine. The <br /> <br /> Bonds of a series (if the term to maturity of such series exceeds two years) shall mature annually on such <br /> day in each yeaz in substantially equal installments of principal or in substantially equal installments of <br /> <br /> principal and interest, the first of such maturities to be no later than five years from the date of the Bonds <br /> of such series and the last of such maturities to be not later than twenty-five years from the date of the <br /> Bonds of such series. The Bonds of a series may be redeemable prior to the stated maturity thereof at <br /> any time at prices not exceeding 105% of the principal amount thereof, and shall beaz interest at such <br /> rate or rates per annum, not exceeding seven percent (7%) per annum, as shall be specified in the <br /> contract approved or the bid accepted for the purchase of the Bonds of such series if any contract <br /> therefor be approved or any bid therefor be accepted. In accordance with and subject to the provisions <br /> of this ordinance, the Director of Finance is hereby authorized to determine, with respect to the Bonds of <br /> a series, the aggregate principal amount of such series of Bonds; the series designation of such series of <br /> Bonds; the date of such series of Bonds; the interest payment dates and maturity dates of such series of <br /> Bonds; the amount of principal of such series of Bonds maturing on each maturity date; the registration <br /> privileges and place or places at which such series of Bonds may be paid or registered which may <br /> include the office of the Director of Finance; whether or not such series of Bonds shall be subject to <br /> redemption prior to the stated maturity thereof and, if subject to such prior redemption, the times, prices, <br /> methods and other provisions for such prior redemption; whether such series of Bonds shall beaz interest <br /> at fixed rates or at a rate or rates which vary fivm time to time and the methodology for determining <br /> such variable rate or rates; the rights, if any, of the holders of such Bonds of a series to tender for <br /> purchase and the price or prices and time or times and terms and conditions upon which those rights may <br /> be exercised; the rights of the County to purchase the Bonds of a series and price or prices and the time <br /> or times and terms and conditions upon which those rights may be exercised and the purchase may be <br /> 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 determine. If any Bond shall have been duly called for redemption and <br /> notice of such redemption duly given in the manner detemuned by the Director of Finance, and if <br /> moneys for the payment of such Bond at the then applicable redemption price and the interest accmed <br /> on the principal amount thereof to the date of redemption are made or duly provided for by the County, <br /> 2 <br /> <br />