Laserfiche WebLink
the denomination of $5,000 each or integral multiples thereof; <br />shall bear interest at such rate or rates not exceeding the maximum <br />legal rate allowable by law, as shall be determined at or before <br />the time of sale thereof, such interest to be payable semi- <br />annually, may be Serial Bonds and\or Term Bonds, shall be dated and <br />shall mature on such dates and in such years, but in no event <br />exceeding fifteen (15) years from their dated date and in such <br />amounts, all as shall be determined by subsequent resolution or <br />resolutions of the County Commission adopted on or prior to the <br />sale thereof. <br />Each Bond shall bear interest from the interest payment date <br />next preceding the date on which it is authenticated, unless <br />authenticated on an interest payment date, in which case it shall <br />bear interest from such interest payment date, or, unless authen- <br />ticated prior to the first interest payment date, in which case it <br />shall bear interest from its dated date; provided, however, that if <br />at the time of authentication interest is in default, such Bond <br />shall bear interest from the date to which interest shall have been <br />paid. <br />The principal of and the interest on the Bonds shall be pay- <br />able in any coin or currency of the United States of America which <br />on the respective dates of payment thereof is legal tender for the <br />payment of public and private debts. The principal of the Bonds <br />shall be payable only to the registered Owner or his legal repre- <br />sentative at the principal corporate trust office of the Paying <br />Agent, and payment of the interest on the Bonds shall be made by <br />6 <br />