Laserfiche WebLink
SECTION 12. Bond or Note Insurance. The Director of Finance is authorized to <br />determine and provide for any insurance provisions respecting the Bonds or the Notes as he shall <br />deem to be in the best interest of the County, including, without limitation, selection of the bond <br />insurer, payment of the insurance premium and printing of any insurance statement on the Bonds <br />or the Notes. <br />SECTION 13. S7moort Facility for Variable Rate Bonds. If the Director of <br />Finance shall determine to issue the Bonds of a series or Notes bearing interest at a rate or rates <br />which vary from time to time or with a right of holders to tender such Bonds or Notes for <br />purchase, or both, the Director of Finance may contract for such support facility or facilities and <br />remarketing arrangements as are required to market the Bonds or Notes, to the greatest advantage <br />of the County upon such terms and conditions as the Director of Finance deems necessary and <br />proper; provided, however, that all such contracts shall be approved by a resolution of the <br />County Council and shall comply with the requirements of Section 47-11, Hawaii Revised <br />Statutes. <br />SECTION 14. ROM of Conflicts. All ordinances and resolutions, and any <br />portions of ordinances and resolutions, heretofore enacted or adopted by the Council which are in <br />conflict or inconsistent with any provision of this ordinance shall be and are hereby repealed to <br />the extent of such conflict or inconsistency. <br />-15- <br />19191b_1 0391]0 ORD <br />