Bonds issued under this Division shall be authorized by ordinance of the Council and
may be issued in one (1) or more series. The bonds shall bear such date or dates,
mature at such time or times, bear interest at such rate or rates, not exceeding six
percent (6%) per annum, be in such denomination or denominations, be in such form
either with or without coupon or registered, carry such conversion or registration
privileges, have such rank or priority, be executed in such manner, be payable in
such medium or payment, at such place or places, and be subject to such terms of redemption
(with or without premium), be secured in such manner, and have such other characteristics,
as may be provided by such resolution or trust indenture or mortgage issued pursuant
thereto.
(Laws 1963, ch. 778, Sec. 10; PLL 1963, Sec. 18-21)
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