Any bonds issued by the corporation as contemplated in section 17-104(a) of this division shall be approved by resolution of the board of county commissioners.
Bonds may also be issued by the county as contemplated in section 17-104(f) by resolution of the board of county commissioners. Such bonds may be in coupon
or registered form, with such rights of conversion or interest rate adjustment, in
such denomination or denominations, and bear interest at such rate or rates not exceeding
the maximum interest rate permitted by F.S. § 215.84, or other applicable law, and
shall mature at such time or times not exceeding forty (40) years from their date
or dates as may be determined by resolution of the issuer of the bonds. The bonds
may be made redeemable before maturity, at the option of the issuer of the bonds,
at such price or prices and under such terms and conditions as may be fixed by resolution
of the issuer of the bonds prior to their issuance. The issuer of the bonds 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 bear the
signatures, either manual or facsimile, of such officers or directors as the issuer
of the bonds may by resolution designate, provided that such bonds shall bear at least
one (1) signature, which may be that of the authenticating officer of the bond registrar
or trustee, which is manually executed thereon, and any coupons attached to the bonds
shall bear the facsimile signature or signatures of such officers or directors as
likewise designated by resolution of the issuer of the bonds. The bonds shall have
the seal of the issuer of the bonds affixed, imprinted, reproduced or lithographed
thereon, all as may be prescribed in the resolution or resolutions authorizing the
issuance thereof. The bonds may be sold at public sale or private sale, as may be
provided by law, and at such price or prices as the issuer of the bonds shall determine
to be in the best interests of the county (subject to the approval of the board of
county commissioners if the county is not the issuer of the bonds).
