§ 3.154.060 — Proceedings authorizing issuance; public or private sales

3.154.060 Proceedings authorizing issuance; public or private sales.

A. The resolution that authorizes the issuance of bonds and the related 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, or 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 considers 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. 2018-0041 § 2)