(a) All bonds issued under this chapter may:

1. (1) be issued as serial bonds or as term bonds or a combination of both types;
2. (2) be executed and delivered by the consolidated city at any time and from time to time;
3. (3) bear such date or dates;
4. (4) bear interest at such rate or rates;
5. (5) be redeemable before their stated maturities on such terms and conditions and at premiums as necessary or advisable;
6. (6) be issued in any denomination or denominations of not less than five thousand dollars ($5,000);
7. (7) be in a form, either coupon or registered or a combination of both types;
8. (8) carry registration conversion privileges;
9. (9) be payable in a medium of payment and at a place or places, which may be at any one (1) or more banks or trust companies within or without Indiana;
10. (10) provide for the replacement of mutilated, destroyed, stolen, or lost bonds;
11. (11) be authenticated in a manner and upon compliance with conditions;
12. (12) establish reserves from the proceeds of the sale of bonds or from other funds, or both, to secure the payment of the principal and interest on the bonds issued under this chapter;
13. (13) establish reserves, from the proceeds of the sale of bonds or from other funds or both, for extensions, enlargements, additions, replacements, renovations, and improvements to or for the facilities; and

14. (14) contain other terms and covenants;

    all as provided in the ordinance of the legislative body or the resolution of the board authorizing the bonds.

(f) The bonds issued under this chapter may be sold at public or private sale for such price or prices as may be provided in the ordinance authorizing their issuance.

As added by Acts 1982, P.L.77, SEC.27.