(a) The notes shall be authorized by a resolution. (b) The authorizing resolution shall: (1) cite the authority to issue the notes and the amount authorized; and (2) specify: (i) the maturity; (ii) the interest rate or manner of determining the rate, which may include a variable rate; (iii) 1. the price at which the notes will be sold, which may be at, above, or below the face value of the notes; or 2. the manner of determining the price at which the notes will be sold; (iv) the manner of the sale of the notes, which may be by private negotiation by the county with a prospective purchaser, if determined by the county to be in the county's best interest; (v) the terms or conditions, if any, under which notes may or shall be redeemed prior to their stated maturity; and (vi) other terms on the notes. (c) The authorizing resolution may provide for: (1) the issuance of the notes in series, as money is required; and (2) the renewal of the notes at maturity, with or without resale.
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