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0 0 <br /> shall determine. The Bonds of a series shall mature annually on such day in each year in substantially <br /> equal installments of principal or in substantially equal installments of principal and interest, the first <br /> of such maturities to be no later than five years from the date of the Bond of such series and the last <br /> of such maturities to be not later than twenty -five years from the date of the Bonds of such series, <br /> may be redeemable prior to the stated maturity thereof at any time at prices not exceeding 105% of <br /> the principal amount thereof, and shall bear interest at such rate or rates per annum, not exceeding <br /> nine percent (9 %) per annum, as shall be specified in the contract approved or the bid accepted for <br /> the purchase of the Bonds of such series if any contract therefor be approved or any bid therefor be <br /> • <br /> accepted. In accordance with and subject to the provisions of this ordinance, the Director of Finance <br /> is hereby authorized to determine with respect to the Bonds of a series, the aggregate principal <br /> amount of such series of Bonds not to exceed $20,000,000; the series designation of such series of <br /> Bonds; the date of the Bonds of such series; the interest payment dates and maturity dates of the <br /> Bonds of such series; the amount of principal of such series of Bonds maturing on each maturity date; <br /> the registration privileges and place or places at which the Bonds of such series may be paid or <br /> registered which may include the office of the Director of Finance; whether or not the Bonds of such <br /> series shall be subject to redemption prior to the stated maturity thereof and, if subject to such prior <br /> redemption, the times, prices, methods and other provisions for such prior redemption; whether the <br /> Bonds of such series shall bear interest at fixed rates or at a rate or rates which vary from time to time <br /> and the methodology for determining such variable rate or rates; the rights, if any, of the holders of <br /> the Bonds of such series to tender for purchase and the price or prices and time or times and terms <br /> and conditions upon which those rights may be exercised; the rights of the County to purchase the <br /> Bonds of a series and price or prices and the time or times and terms and conditions upon which those <br /> 3 <br />