SEC. 250.379. NOTICE.

   A copy of the resolution provided in Section 250.378 shall be published once a week for two successive weeks, the first of which shall be at least 14 days prior to the day of said proposed meeting, in the newspaper in which the resolution of intention or notice of improvement in said proceedings was published.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.380. HEARING AND DETERMINATION.

   At the hearing provided in Section 250.378, protest may be filed, heard and acted upon in the manner and with like effect provided in this Subdivision for the initial establishment and modification of said formula or formulae.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.381. FORM OF BONDS.

   The bonds shall be of the form prescribed by resolution of the Board, shall be dated as the Board shall determine, and shall be numbered consecutively, be payable to bearer and be negotiable and serial in nature. They shall be payable on July 1st of each year in such amount as the Board shall determine. The first maturity shall be not earlier than 10 months after their date. The last maturity of any bond shall be not later than 40 years after July 1st next succeeding its date. The bonds, or any series, division or part of an issue, may be issued in registered form and may thereafter be deregistered and reregistered.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.382. SEPARATE SERIES.

   The bonds may be issued in successive series, divisions or parts having different dates, terms and dates of maturity.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.383. INTEREST.

   The bonds shall bear interest which, unless registered at issuance, shall be represented by coupons numbered consecutively, bearing corresponding bond numbers, payable on January 1st and July 1st of each year, or on such other dates as the Board deems appropriate, the first and the form of which shall be fixed and prescribed by the Board.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.384. INTEREST AFTER MATURITY.

   If upon presentation at maturity, or if redeemable and duly called for redemption, payment of the bonds or any interest coupons thereof is not made in full accordance with the indenture of issuance, said bonds or coupons, or both, shall continue to bear interest at the rate stated in the bonds until paid in full.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.385. CALLABLE BONDS.

   Said bonds may be made subject to call and redemption prior to their fixed dates of maturity with or without a premium, all as shall be prescribed by the Board; provided, that no bond shall be subject to prior call unless it shall so state on its face.

(Added by Ord. 225-81, App. 5/5/81)