To pay the costs of such projects, as above described, the board is authorized to
issue revenue bonds and notes of the county from time to time, hereinafter referred
to as "bonds," The board is also authorized to issue refunding bonds and notes for
the purpose of refunding any bonds or notes then outstanding and which shall have
been issued under the provisions of this article or any other law for the purpose
of paying all or part of the cost of a project as defined in this article. Such bonds
shall be in fully registered form and in such denomination or denominations, bear
interest at such rate or rates not exceeding the maximum rates allowed by law at the
time of their issuance and mature at such time or times not exceeding 40 years from
their date or dates as may be determined by the board. The bonds may be made redeemable
before maturity at such price or prices and under such terms and conditions as may
be fixed by the board for their issuance. The board shall determine the place or places
of payment of the principal and interest, which may be at any bank or trust company
within or without the state. The bonds shall be signed either by the manual or facsimile
signatures of the chairman and clerk of the board, and authenticated by a designated
registrar. The bonds shall have the seal of the board affixed, imprinted, reproduced
or lithographed thereon. All such specifications may be prescribed in the resolution
or resolutions of the board authorizing the issuance thereof. The bonds may be sold
at public sale or private sale, as provided by law, and at such price or prices as
the board shall determine to be in the best interest of the county.
(Ord. No. 86-07, § 2, 3-4-86)
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