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<br /> or at negotiated sale to qualified purchasers in accordance with Section 47-8, Hawaii Revised <br /> Statutes, as amended, in each case at such price or prices and upon such terms and conditions as he <br /> shall approve and determine to be in the best interest of the County. Without limiting the generality of <br /> the foregoing, with respect to the sale of the Bonds or of portions of the Bonds, the Director of <br /> Finance is hereby authorized to retain bond counsel, paying agents, registrazs and financial and <br /> accounting consultants, upon such terms and conditions as he shall deem advisable and in the best <br /> interest of the County, to select the date for such sale, to publish and distribute a Notice of Sale or to <br /> enter into a contract for the sale of the Bonds or portions thereof, in each case in such form and <br /> containing such terms and wnditions as he shall approve and deem advisable, to distribute an Official <br /> Statement and such other information relating to the Bonds as he may deem advisable, to receive bids <br /> for the sale of the bonds or the portion thereof being offered and to awazd the sale of the Bonds or the <br /> portion thereof being offered to the bidder offering the lowest interest cost therefor, in accordance <br /> with the applicable Notice of Sale, if any; provided that the Director of Finance may reserve the right <br /> to reject any and all bids. Subject to the provisions of SECTION 3 hereof, without further action of <br /> this Council, the Bonds shall beaz interest at the rates per annum as specified in the contract or <br /> contracts approved or in the bid or bids accepted. The Director of Finance and all officials of the <br /> County aze hereby authorized to take such action and execute such orders, receipts and other <br /> documents as may be necessary in order to effectuate the sale of the Bonds or any portion thereof, <br /> and, if any contract therefor be approved or any bid therefor be accepted, the prepazation execution, <br /> and delivery thereof, in accordance with the provisions hereof and applicable law. <br /> SECTION 8. Authorization of Bond Anticipation Notes. General obligation bond <br /> anticipation notes (the "Notes") are hereby authorized for issuance and sale by the Director of <br /> 13 <br /> <br />