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of the issuance of such bonds, reserve funds, and capitalized <br />bond interest. <br /> <br /> Section 15. RESOLUTION; BOND PROVISIONS. Bonds <br />may be issued as serial bonds, term bonds, installment bonds <br />or pass-through certificates or any combination thereof. <br />Bonds shall be authorized by resolution of the Council and <br />shall bear such date or dates, mature at such time or times, <br />bear interest at such fixed or variable rate or rates, be <br />payable at such time or times, be in such denominations, be <br />in such form, either coupon or registered, carry such <br />registration privileges, be executed in such manner, be <br />payable in lawful money of the United States of America at <br />such place or places, be subject to such terms of redemption <br />and have such other terms and conditions as such resolution <br />or any indenture authorized by such resolution to be entered <br />into by the City may provide. Bonds may be sold at either a <br />public or private sale and for such prices as the City shall <br />determine. <br /> <br /> Section 16. BOND PROVISIONS. Any resolution <br />authorizing any bonds or any issue of bonds, or any indenture <br />authorized by such resolution to be entered into by the City, <br />may contain provisions respecting any of the following terms <br />and conditions, which shall be a part of the contract with <br />the holders of such bonds: <br /> <br /> (a) the terms, conditions and form of such bonds <br />and the interest and principal to be paid thereon, <br /> <br /> (b) limitations on the uses and purposes to which <br />the proceeds of sale of such bonds may be applied, and the <br />pledge or assignment of such proceeds to secure the payment <br />of such bonds, <br /> <br /> (c) limitations on the issuance of additional <br />bonds, the terms upon which additional bonds may be issued <br />and secured, and the refunding of outstanding bonds, <br /> <br /> (d) the setting aside of reserves and sinking <br />funds and such other funds as are necessary or appropriate <br />and the regulation and disposition thereof, <br /> <br /> (e) the pledge or assignment of all or any part of <br />the revenues and of any other moneys or assets legally <br />available therefor (including loans, deeds of trust, <br />mortgages, leases, subleases, sales agreements and other <br />contracts and security interests) and the use and disposition <br />thereof, subject to such agreements with the holders of bonds <br />as may then be outstanding. <br /> <br />6 <br /> <br /> <br />