The bonds shall be dated, shall bear interest at such rate or rates, shall mature
at such times, as may be determined by resolution of the council, and may be made
redeemable before maturity, at the option of the county, at such price or prices and
under such terms and conditions as may be fixed by the council. Said bonds shall mature
not later than two years after the last installment in which said assessments may
be paid, as provided in section 110-125 hereof, and shall bear interest at a rate not exceeding the maximum rate provided
by law. The bonds may, at the option of the council, bear interest at a variable rate.
The council shall determine by resolution the form of the bonds, the manner of executing
such bonds, and shall fix the denomination or denominations of such bonds, 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, and such other terms and provisions of the bonds
as it deems appropriate. The bonds may be sold at public or private sale for such
price or prices as the council shall determine by resolution. The bonds may be delivered
to any contractor for payment for his work in constructing a project or may be sold
in such manner and for such price as the council may determine by resolution to be
for the best interests of the county.
