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the principal amount thereof, and shall bear interest at such rate or rates per annum, not exceeding an average <br />of seven percent (7%) per annum, as shall he specified in the contract approved or the bid accepted for the <br />purchase of the Bonds of such series if any contract therefor be approved or any bid therefor be accepted. In <br />accordance with and subject to the provisions of this ordinance, the Director of Finance is hereby authorized to <br />determine, with respect to the Bonds of a series, the aggregate principal amount of such series of Bonds; the <br />series designation of such series of Bonds; the date of such series of Bonds; the interest payment dates and <br />mahu~ity dates of such series of Bonds; the amount of principal of such series of Bonds maturing on each <br />mahu•ity date; the registration privileges and place or places at which such series of Bonds may be paid or <br />registered which may include the office of the Director of Finance; whether or not such series of Bonds shall <br />be subject to redemption prior to the stated maturity thereof and, if subject to such prior redemption, the times, <br />prices, methods and other provisions for such prior redemption; whether such series of Bonds shall bear <br />interest at fixed rates or at a rate or rates which vary ti•om 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 purchase and <br />the price or prices and time or times and terms and conditions upon which those rights may be exercised; the <br />rights of the County to purchase the Bonds of a series and price or prices and the time or times and terms and <br />conditions upon which those rights may be exercised and the purchase may be made; and all other details of <br />such series of Bonds. <br />SECTION 4. Redemption of Bonds. In the event any of the Bonds shall be subject to prior <br />redemption and if any Bond (or portion thereof in installments which are integral multiples of the smallest <br />denomination thereof) is to be redeemed, notice of redemption shall be given in such manner as the Director of <br />Finance shall determine. If any Bond shall have been duly called for redemption and notice of such redemption <br />duly given in the manner determined by the Director of Finance, and if moneys for the payment of such Bond <br />at the then applicable redemption price and the interest accrued on the principal amount thereof to the date of <br />redemption are made or duly provided for by the County, interest on such Bond shall cease to accrue and <br />become payable from and after the date fixed for redemption. <br />SECTION 5. Payment of Bonds. The principal of and interest and premium, if' any, on the <br />Bonds shall be payable in any coin or currency of the United States of America which at the time of payment is <br />Icgal tender for public and private debts. <br />SECTION 6. Execution and Form of Fully Registered Bonds. The Bonds of a series shall be <br />lithographed, steel engraved, typewritten, printed or in other reproduced form as the Director of Finance may <br />