WILLIAM DONALD SCHAEFER, Governor Ch. 499

(IV) AGREES TO A COVENANT TO LEVY UPON ALL
REAL AND PERSONAL PROPERTY WITHIN THE SPECIAL TAXING DISTRICT
AD VALOREM TAXES IN RATE AND AMOUNT SUFFICIENT IN EACH YEAR
IN WHICH ANY OF THE BONDS ARE OUTSTANDING TO PROVIDE FOR THE
PAYMENT OF THE PRINCIPAL OF AND THE INTEREST ON THE BONDS.

(2) THE ORDINANCE MAY SPECIFY OR MAY AUTHORIZE ITS
FINANCE BOARD, BY RESOLUTION OR ORDINANCE, OR ITS CHIEF
EXECUTIVE OFFICER, BY EXECUTIVE ORDER, TO SPECIFY ANY OF THE
FOLLOWING AS IT DEEMS APPROPRIATE TO EFFECT THE FINANCING OF
THE PROPOSED UNDERTAKING:

(I) THE ACTUAL PRINCIPAL AMOUNT OF THE BONDS TO
BE ISSUED;

(II) THE ACTUAL RATE OR RATES OF INTEREST FOR THE
BONDS;

(III) THE MANNER IN WHICH AND THE TERMS UPON
WHICH THE BONDS ARE TO BE SOLD;

(IV) THE MANNER IN WHICH AND THE TIMES AND PLACES
THAT THE INTEREST ON THE BONDS IS TO BE PAID;

(V) THE TIME OR TIMES THAT THE BONDS MAY BE
EXECUTED, ISSUED, AND DELIVERED;

(VI) THE FORM AND TENOR OF THE BONDS AND THE
DENOMINATIONS IN WHICH THE BONDS MAY BE ISSUED;

(VII) THE MANNER IN WHICH AND THE TIMES AND
PLACES THAT THE PRINCIPAL OF THE BONDS IS TO BE PAID, WITHIN THE
LIMITATIONS SET FORTH IN THIS SECTION;

(VIII) PROVISIONS PURSUANT TO WHICH ANY OR ALL OF
THE BONDS MAY BE CALLED FOR REDEMPTION PRIOR TO THEIR STATED
MATURITY DATES; OR

(I)) ANY OTHER PROVISIONS NOT INCONSISTENT WITH
THIS SECTION AS SHALL BE DETERMINED BY THE GOVERNING BODY OF
THE MUNICIPAL CORPORATION TO BE NECESSARY OR DESIRABLE TO
EFFECT THE FINANCING OF THE PROPOSED UNDERTAKING.

(3) (I) AN ORDINANCE AUTHORIZING THE BONDS
REQUIRED UNDER THIS SUBSECTION, AN ORDINANCE, RESOLUTION, OR
EXECUTIVE ORDER PASSED OR ADOPTED IN FURTHERANCE OF THE
REQUIRED ORDINANCE, OR THE BONDS, SHALL THE DESIGNATION OF A
SPECIAL TAXING DISTRICT, OR THE LEVY OF A SPECIAL AD VALOREM

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