(1) Any resolution authorizing the issuance of bonds under the terms of this part 3 shall:
State the date of issuance of the bonds;
State a maturity date or dates during a period not to exceed thirty years from the dateof issuance of the bonds;
State the interest rate or rates on, and the denomination or denominations of, thebonds;
State the form of the bond, whether bearer or registered;
State the medium of payment of the bonds and the place where the bonds will bepaid.
(2) Any resolution authorizing the issuance of bonds under the terms of this part 3 may:
State that the bonds are to be issued in one or more series;
State a rank or priority of the bonds;
Provide for redemption of the bonds prior to maturity, with or without premium.
Source: L. 75: Entire part added, p. 1354, § 1, effective July 14.