§ 2-304. Borrowing; form and sale of bonds.

(a)

For the purpose of providing funds with which to acquire, construct, furnish and equip capital improvement projects authorized by section 2-302 and to pay the costs incurred in connection therewith, the county is hereby authorized to issue bonds payable solely from county revenues or any portion thereof.

(b)

Bonds authorized to be issued in this section may be issued and sold at one time or from time to time, and shall bear such dates, be in such denominations, be in coupon form but may be registrable as to principal only or as to both principal and interest, be payable at such places, within or without the state, bear interest at such rates not exceeding the maximum rate provided in F.S. § 215.84, payable semiannually, and shall mature at such times, with or without the privilege of prior redemption by the county and upon such terms or conditions and with such redemption premium as may be determined by the council in the resolution authorizing the bonds. The bonds shall be signed either by the manual or facsimile signatures of the chairman of the council and the county manager as clerk of the council, provided that at least one signature is manually executed thereon, and shall have the seal of the council affixed, imprinted or reproduced thereon. The coupons attached to the bonds shall bear the facsimile signatures of such officers. The bonds shall be sold at public sale at such price as may be determined by the council, but not less than that authorized by state law. Pending the preparation of definitive bonds, interim receipts or certificates may be issued to the purchasers of bonds sold pursuant to this division. Such receipts or certificates shall be in such form and with such provisions as the council may determine.

(Ord. No. 81-6, § 4, 3-5-81)