HARRY HUGHES, Governor                              2305

(e)  Any revenue bonds issued under this section may be
registerable or nonregisterable as to principal and
interest.

(f) (1) Any revenue bonds issued under this section
may be guaranteed by the full faith and credit of the county
in which the authority is located.

(2)  This guarantee shall be made by ordinance or
resolution of the county government.

(3)  Neither the bonds, nor the borrowing which
they represent, shall thereafter be subject to any
referendum requirements whatever of the county.

(g) (1) Each bond issue shall be authorized by a
resolution approved by a vote of at least four of the five
members of the authority.

(2) A resolution under this section shall
include:

(i) The amount of the proposed issue;

(ii) The probable useful life of the
project, or average probable useful life of the projects to
be financed;

(iii) A declaration that the principal and
the interest of the proposed issue are to be paid by
revenues received by the authority;

(iv) An estimate of the cost of the
project or projects and the portion to be defrayed from
sources, specifically named, other than the proposed bond
issue;

(v) A declaration of whether or not the
bonds, although they are revenue bonds, are guaranteed by
the full faith and credit of the county for which the
authority was created;

(vi) The procedure for the public sale of
the proposed issue;

(vii) Other matters related to the
authorization, issuance, and sale of the issue that the
authority deems appropriate; and

(viii) A statement of the purposes of the
issue, and if a stated purpose is to finance one or more
capital projects which shall be related to the parking of
vehicles, the resolution shall:

(A) Describe each of them
sufficiently for the purposes of identification;