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Director of Finance shall determine. The Bonds of a series shall be numbered from 1 upwards in <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 /> 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 Bonds 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, may <br /> be redeemable prior to the stated maturity thereof at such time or times and upon such terms as shall <br /> be determined by the Director of Finance, and shall bear interest at such rate or rates per annum <br /> determined by the Director of Finance as shall result in a true interest cost not to exceed eight percent <br /> (8 %) per annum, all as shall be specified in the contract approved or the bid accepted for the purchase <br /> 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 <br /> authorized to determine, with respect to the Bonds of a series, the aggregate principal amount of such <br /> series of Bonds; the series designation of such series of Bonds; the date of such series of Bonds; the <br /> interest payment dates and maturity dates of such series of Bonds; the amount of principal of such <br /> series of Bonds maturing on each maturity date; the registration privileges and place or places at <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 <br /> maturity thereof and, if subject to such prior redemption, the times, prices, methods and other <br /> provisions for such prior redemption; whether such series of Bonds shall bear interest at fixed rates or <br /> at a rate or rates which vary from time to time and the methodology for determining such variable rate <br /> or rates; the rights, if any, of the holders of such Bonds of a series to tender for purchase and the price <br /> 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 <br /> terms and conditions upon which those rights may be exercised and the purchase may be made; and all <br /> 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 are integral multiples of the <br /> smallest denomination thereof) is to be redeemed, notice of redemption shall be given in such manner <br /> as the Director of Finance shall determine. If any Bond shall have been duly called for redemption and <br /> 2 <br />