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other general obligation bonds of the County, all as shall be determined by the Director of <br /> Finance to be in the best interest of the County. The Bonds of a series shall be issued in fully <br /> registered form without coupons in the denomination of$5,000 or any integral multiple of <br /> $5,000, or in such other denominations as the Director of Finance shall determine. The Bonds of <br /> a series shall be numbered from 1 upwards in chronological order of delivery or shall be <br /> numbered in any other manner as the Director of Finance shall determine. The Bonds of a series <br /> shall mature annually on such day in each year in substantially equal installments of principal or <br /> in substantially equal installments of principal and interest, the first of such maturities to be no <br /> later than five years from the date of the Bonds of such series and the last of such maturities to be <br /> not later than twenty-five years from the date of the Bonds of such series, may be redeemable <br /> 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 <br /> interest cost not to exceed eight percent (8%) per annum, as shall be specified in the contract <br /> approved or the bid accepted for the purchase of the Bonds of such series if any contract therefore <br /> be approved or any bid therefore be accepted. In accordance with and subject to the provisions of <br /> this ordinance, the Director of Finance is hereby authorized to determine, with respect to the <br /> Bonds of a series, the aggregate principal amount of such series of Bonds; the series designation <br /> of such series of Bonds; the date of such series of Bonds; the interest payment dates and maturity <br /> dates of such series of Bonds; the amount of principal of such series of Bonds maturing on each <br /> maturity date; the registration privileges and place or places at which such series of Bonds may be <br /> paid or registered which may include the office of the Director of Finance; whether or not such <br /> series of Bonds shall be subject to redemption prior to the stated maturity thereof and, if subject to <br /> such prior redemption, the times, prices, methods and other provisions for such prior redemption; <br /> whether such series of Bonds shall bear interest at fixed rates or at a rate or rates which vary from <br /> time to time and the methodology for determining such variable rate or rates; the rights, if any, of <br /> 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 <br /> 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 <br /> details of such series of Bonds. <br />