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The ordinance of the City Commission authorizing the issuance of the refunding bonds may provide that the refunding bonds may be issued in one or more series; may bear such date; may mature at such time, not exceeding 40 years from their respective dates; may bear interest at such rate, not exceeding the maximum rate of interest borne by the notes, bonds, or other obligations refinanced thereby; may be in such denomination; may be in such form, either coupon or registered, may carry such registration and conversion privileges; may be executed in such manner; may be payable in such medium of payment, at such place, may be subject to such terms of redemption, with or without a premium; may be declared or become due before the maturity date thereof; may provide for the replacement of mutilated, destroyed, stolen, or lost bonds, may be authenticated in such manner and upon compliance with such conditions; and may contain other terms and covenants, as may be desired. Notwithstanding the form or tenor thereof, and in the absence of an express recital on the face thereof, that the bond is nonnegotiable, all refunding bonds shall at all times be, and shall be treated as, negotiable instruments for all purposes.
(Special Acts, Ch. 57-1754, § 169; Ch. 63-1826, § 15) ('58 Code, § 45.106)