Both the revenue bonds and general obligation serial bonds issued under this section shall be authorized by resolution of the county council for Montgomery County and may be issued in one (1) or more series and shall bear the date or dates, be payable upon demand or mature at the time or times, bear interest at the rate or rates, be in the denomination or denominations, be in the form either with or without coupon or registered, carry on the conversion or registration privileges, have the rank or priority, be executed in the manner, be payable in the medium of payment, at the place or places, and be subject to the terms of redemption (with or without premium), be secured in the manner, and have the other characteristics, as may be provided by the resolution or trust indenture or mortgage issued pursuant to this section. These bonds are not subject to the provisions of sections 9, 10, and 11 of article 31, Annotated Code of Maryland, 1957, as amended. (Mont. Co. Code 1965, § 26-10; 1961, ch. 821, § 1; 1979, ch. 155, § 1.)