§ 4.54.060. Proceedings authorizing issuance—Public or private sales.

A.

The proceedings of the City authorizing the issuance of the bonds may provide all of the following for the bonds:

1.

The form of the bonds, which may be issued as serial bonds or term bonds or any combination thereof.

2.

The date or dates to be borne by the bonds.

3.

The time or times of maturity of the bonds.

4.

The interest, which may be taxable or tax-exempt, fixed or variable and which may be paid on a current interest or capital appreciation basis, to be borne by the bonds.

5.

The time or times that the bonds shall be payable.

6.

The denominations, form, and the registration privileges of the bonds.

7.

The manner of execution of the bonds.

8.

The place or places the bonds are payable.

9.

The terms of redemption of the bonds.

10.

Any other terms and conditions deemed necessary by the City.

B.

The bonds may be sold at either a public or private sale and at a price at, above or below the par value thereof.

(Ord. No. 13403, § 2, 11-29-2016)