To pay the cost of projects, the board of county commissioners is authorized to issue
bonds from time to time. Such bonds may be in coupon or registered form, may be in
such denomination, shall bear interest at such rate, not exceeding the maximum legal
rate at the time of issuance thereof, and shall mature at such time as may be determined
by the board of county commissioners. The bonds may be made redeemable before maturity,
at the option of the board of county commissioners, at such price and under such terms
and conditions as may be fixed by the board of county commissioners prior to their
issuance. The board of county commissioners shall determine the place of payment of
the principal and interest on the bonds, which may be at any bank or trust company
within or without the state. The bonds shall be signed either by manual or facsimile
signatures of the chairman and clerk of the board of county commissioners, provided
that such bonds shall bear at least one (1) signature which is manually executed thereon,
and the coupons attached to such bonds shall bear the facsimile signatures of such
officers as shall be designated by the board of county commissioners. The bonds shall
have the seal of the board of county commissioners affixed, imprinted, reproduced
or lithographed thereon, all as may be prescribed in the resolution authorizing the
issuance thereof. The bonds shall be sold at public sale or private sale at such price
as the board of county commissioners shall determine to be in the best interest of
the county.
(Ord. No. 81-1, § 2, 3-19-81)
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