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• Plumeria Street Rehabilitation; and <br /> • Wai5nuenue Avenue resurfacing. <br /> SECTION 3. Details of Bonds. The Bonds authorized for issuance and sale hereunder shall <br /> be issued and sold in one or more series, or as part of one or more series of other general obligation bonds of <br /> the County,all as shall be determined by the Director of Finance to be in the best interest of the County. The <br /> Bonds of a series shall be issued in fully registered form without coupons in the denomination of$5,000 or any <br /> integral multiple of$5,000, or in such other denominations as the Director of Finance shall determine. The <br /> Bonds of a series shall be numbered from I upwards in chronological order of delivery or shall be numbered in <br /> any other manner as the Director of Finance shall determine. The Bonds of a series shall mature annually on <br /> such day in each year in substantially equal installments of principal or in substantially equal installments of <br /> principal and interest,the first of such maturities to be no later than five years from the date of the Bonds of <br /> such series and the last of such maturities to be not later than twenty-five years from the date of the Bonds of <br /> such series,may be redeemable prior to the stated maturity thereof at such time or times and upon such terms <br /> as shall 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(8%)per <br /> annum, all as shall be specified in the contract approved or the bid accepted for the purchase of the Bonds of <br /> such series if any contract therefor be approved or any bid therefor be accepted. In accordance with and <br /> subject to the provisions of this ordinance,the Director of Finance is hereby authorized to determine,with <br /> respect to the 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 dates of such <br /> series of Bonds;the amount of principal of such series of Bonds maturing on each maturity date;the <br /> registration privileges and place or places at which such series of Bonds may be paid or registered which may <br /> include the office of the Director of Finance;whether or not such series of Bonds shall be subject to <br /> redemption prior to the stated maturity thereof and, if subject to such prior redemption,the times, prices, <br /> methods and other provisions for such prior redemption; whether such series of Bonds shall bear interest at <br /> fixed rates or at a rate or rates which vary from time to time and the methodology for determining such variable <br /> rate or rates;the rights, if any, of the holders of such Bonds of a series to tender for purchase and the price or <br /> prices and time or 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 conditions <br /> upon which those rights may be exercised and the purchase may be made; and all other details of such series of <br /> Bonds. <br /> 2 <br />