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<br /> <br /> <br /> <br /> <br /> <br /> chronological order of delivery or shall be numbered in any other manner as the Director of Finance <br /> shall determine. The Bonds of a series shall mature annually on such day in each year in substantially <br /> <br /> equal installments of principal or in substantially equal installments of principal and interest, the first of <br /> such maturities to be no later than five years from the date of the Bonds of such series and the last of <br /> such maturities to be not later than twenty-five years from the date of the Bonds of such series, may be <br /> <br /> redeemable prior to the stated maturity thereof at any time at prices not exceeding 105% of the principal <br /> amount thereof, and shall bear interest at such rate or rates per annum as shall result in a true interest cost <br /> <br /> not to exceed eight percent (8%) per annum, as shall be specified in the contract approved or the bid <br /> accepted for the purchase of the Bonds of such series if any contract therefor be approved or any bid <br /> <br /> therefor be accepted. In accordance with and subject to the provisions of this ordinance, the Director of <br /> Finance is hereby authorized to determine, with respect to the Bonds of a series, the aggregate principal <br /> amount of such series of Bonds; the series designation of such series of Bonds; the date of such series of <br /> <br /> Bonds; the interest payment dates and maturity dates of such series of Bonds; the amount of principal of <br /> such series of Bonds maturing on each maturity date; the registration privileges and place or places at <br /> <br /> which such series of Bonds may be paid or registered which may include the office of the Director of <br /> Finance; whether or not such series of Bonds shall be subject to redemption prior to the stated maturity <br /> thereof and, if subject to such prior redemption, the times, prices, methods and other provisions for such <br /> <br /> prior redemption; whether such series of Bonds shall bear interest at fixed rates or at a rate or rates <br /> which vary from time to time and the methodology for determining such variable rate or rates; the rights, <br /> <br /> if any, of the holders of such Bonds of a series to tender for purchase and the price or prices and time or <br /> times and terms and conditions upon which those rights may be exercised; the rights of the County to <br /> <br /> purchase the Bonds of a series and price or prices and the time or times and terms and conditions upon <br /> which those rights may be exercised and the purchase may be made; and all other details of such series <br /> of Bonds. <br /> <br /> <br /> SECTION 4. Redemption of Bonds. In the event any of the Bonds shall be subject to <br /> <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 /> the Director of Finance shall determine. If any Bond shall have been duly called for redemption and <br /> <br /> notice of such redemption duly given in the manner determined 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 /> <br /> on the principal amount thereof to the date of redemption are made or duly provided for by the County, <br /> <br /> <br /> 2 <br />