§ 28-22. Type, form and sale of bonds.

Bonds may be issued as serial bonds, term bonds, installment bonds, pass-through certificates, or any combination thereof. Bonds shall be authorized by resolution of the council and shall bear such date or dates, mature at such time or times, bear interest at such fixed or variable rate or rates, be payable at such time or times, be in such denominations, be in such form, either coupon or registered or both, carry such registration privileges, be payable at such place or places, be subject to such redemption terms and have such other terms and conditions as such resolution or any indenture authorized by such resolution to be entered into by the city may provide. Bonds shall be executed on behalf of the city by the mayor and the city clerk and any coupons appertaining to such bonds shall be executed by the city clerk. Any or all of such signatures may be by facsimile. Bonds may be sold at either a public or private sale and for such prices as the city shall determine. Pending preparation of definitive bonds, the city may issue temporary bonds, which shall be exchanged for such definitive bonds when prepared. (Ord. No. 729, § 1, 6-11-84)