§ 78-37. Issuance of revenue bonds.

To pay the cost of the projects described above, the board is authorized to issue revenue bonds, hereinafter referred to as bonds, from time to time in the form and content acceptable to qualified bond counsel and disclosure counsel. Such bonds may be in coupon form, in such denomination or denominations, bear interest at such rates not exceeding the maximum rate allowed by law and shall mature at such time or times not exceeding 30 years from their date or dates as may be determined by the board of county commissioners. The bonds may be made redeemable before maturity, at the option of the board, at such price or prices and under such terms and conditions as may be fixed by the board prior to their issuance. The board of county commissioners shall determine the place or places of payment of the principal and interest 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; provided that such bonds shall bear at least one signature which is manually executed thereon, and the coupons attached to such bonds shall bear the facsimile signature or signatures of such officer or officers as shall be designated by the board. The bonds shall have the seal of the board affixed, imprinted, reproduced or lithographed thereon, all as may be prescribed in the resolution or resolutions authorizing the issuance thereof. The bonds shall be sold at public sale or private sale at such price or prices as the board of county commissioners shall determine to be in the best interest, provided that the price shall be not less than 95 percent of the par value of the bonds sold.

(Code 1979, § 18-16; Ord. No. 08-12, § 4, 4-22-08)

State law reference

Maximum interest rate, F.S. § 215.84.