§ 3.152.060 — Proceedings authorizing issuance-Public or private sales

3.152.060 Proceedings authorizing issuance-Public or private sales.

A. The resolution that authorizes issuance of bonds and the issuing instrument may prescribe any or all of the following for the bonds: 1. The form of the bonds, which may be issued as serial bonds, term bonds, or installment bonds, or any combination of them; 2. The date or dates to be borne by the bonds; 3. The date or dates of maturity of the bonds; 4. The interest to be borne by the bonds, which may be taxable or tax-exempt, fixed or variable, and which may be paid on a current-interest-rate basis or a capital-appreciation basis; 5. The date or dates that the bonds will be payable; 6. The denominations, form, and 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 the city deems necessary. B. The bonds may be sold at either a public or private sale, on either a negotiated or competitive basis, and at a price at, above, or below the par value. (Ord. 2012-039 § 2)3.152.060