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3.29.060 Bonds.
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Bonds issued pursuant to this chapter may:

A. Bear interest at such rate or rates payable at such time or times;

B. Be in one or more series;

C. Bear such date or dates;

D. Mature at such time or times not exceeding 40 years from their respective dates;

E. Be payable in such medium of payment at such place or places;

F. Carry such registration privileges;

G. Be subject to such terms of redemption at such premiums or otherwise;

H. Be executed in such manner;

I. Contain such terms, covenants and conditions; and

J. Be in such form, either coupon or registered, or both, with conversion and reconversion privileges, all as may be prescribed by the resolution of the council authorizing their issuance; provided, that such resolution:

1. Need not prescribe a definitive interest rate or rates for the bonds but may instead prescribe a maximum interest rate or rates within which the bonds may be sold;

2. Need not prescribe the definitive terms upon which the bonds may be redeemed by the city but may instead prescribe minimum and maximum terms of years within which the bonds may be redeemed by the city and the minimum and maximum premiums, if any, payable in the case of such redemptions;

3. Need not prescribe the principal amount of the bonds but may instead prescribe minimum and maximum terms of years within which the bonds shall mature or be subject to sinking fund payments and minimum and maximum amounts of such principal securities or sinking fund payments; and

4. Need not designate a trustee and additional paying agents but may instead indicate whether or not a trustee and additional paying agents are to be designated and prescribe qualifications for such trustee and paying agents; provided further, that such resolution may appoint the mayor, city manager or such other official as the council deems advisable, to sell the bonds upon terms and conditions which comply with the provisions of such resolution, and all definitive terms and conditions with respect to the bonds, including the designation of a trustee and additional paying agents, if any, which are not prescribed by the resolution authorizing their issuance shall be established by the terms and conditions upon which the bonds are sold. (Ord. 337 § 3, 1986)