1980-10 - Laserfiche WebLink

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such purposes, the Board is authorized to issue •bonds from time to time (hereinafter referred to as "bonds"). Such bonds may be in coupon form, in such denomination or denominations, bear interest at such rate or rates not exceeding nine and one-half per centum (9.5%) per annum and shall mature at such time or times not exceeding forty (40) years from their date or dates as may be determined by the Board. The bonds may be made redeemable before maturity, at the option of the Board, at such price of prices and under such terms and conditions as may be fixed by the Board prior to 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 manual or facsimile signatures of the Chairman and Clerk of the Board, provided that such bonds shall bear at least one (1) signature which is manually executed thereon, and the coupons attached to such bonds shall bear the facsimile signature or signa- tures of such officer of officers as shall be designated by the Board. The bonds shall have the seal of the Board affixed, imprinted, reproduced or lithographed thereon, all as may be prescribed in the resolution or resolutions authorizing the issuance thereof. The bonds shall be sold at public sale or private sale at such price or prices as the Board shall determine to be in the best interest, provided that the price shall not be less than nirsty-five per centum (95%) of the par value of the bonds sold." SECTION 2. All Ordinances in conflict with this Ordinance including specifically Ordinance No. 80-3, are hereby repealed. SECTION 3. The remaining provisions of said Ordinance No. 77-19 shall remain in full force and effect and are hereby ratified and confirmed. -2-