The obligations shall be dated, shall bear interest at such rate or rates, shall mature at such times as may be determined by ordinance or resolution of the Commission, and may be made redeemable before maturity, at the option of the city, at such price or prices and under such terms and conditions, all as may be fixed by the Commission. Said obligations shall mature not later than 40 years after their issuance. The Commission shall determine by ordinance or resolution the form of the obligations, the manner of executing such obligations, and shall fix the denominations of such obligations, the place or places of payment of the principal and interest, which may be at any bank or trust company within or outside of the State of Florida, and such other terms and provisions of the obligations as it deems appropriate. The obligations may be sold at public or private sale for such price or prices as the Commission shall determine by ordinance or resolution, The obligations may be delivered to any contractor to pay for the provision of capital improvements or may be sold in such manner and for such price as the Commission may determine by ordinance or resolution to be for the best interests of the city.
(Ord. 632, passed 2-9-2016)