The obligations shall be dated, shall bear interest at such rate or rates, shall mature
at such times as may be determined by resolution of the board, and may be made redeemable
before maturity, at the option of the county, at such price or prices and under such
terms and conditions, all as may be fixed by the board. Said obligations shall mature
not later than forty (40) years after their issuance. The board shall determine by
resolution the form of the obligations, the manner of executing such obligations,
and shall fix the denominations of such obligations, the place or places of payment
of the principal and interest, which may be at any bank or trust company within or
outside of the State of Florida, and such other terms and provisions of the obligations
as it deems appropriate. The obligations may be sold in such manner, and at public
or private sale for such price or prices as the board shall determine by resolution
to be for the best interests of the county. The proceeds may be used to pay for construction
of the local improvement.
(Ord. No. 10-10, Art. IV, § 4.02, 5-3-10)
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