(a) The county executive must specify, prescribe, determine, provide for, or approve all matters, forms, documents, or procedures that the county executive deems appropriate to effect the authorization, sale, security, issuance, delivery, and payment of or for revenue bonds, subject to the limitations under this article and the resolution providing for the issuance of the revenue bonds.
(b) The county executive may:
(1) Provide for the maturity of revenue bonds on a date or dates that is no later than fifty (50) years from the date of the issuance of the revenue bonds;
(2) Fix the rate or rates of interest payable on revenue bonds, or the method of determining the rate or rates;
(3) Fix the denomination or denominations of revenue bonds and the place or places of payment of the principal, interest, and premium, if any; the place of payment may be at any bank or trust company within or without the state;
(4) Determine the form of revenue bonds and the manner of executing them and affixing the county seal to them, which may be in accordance with the Uniform Facsimile Signature of Public Officials Act; however, if any officer whose signature or a facsimile of whose signature appears on any revenue bonds ceases to be the officer before delivery of the revenue bonds, the signature or facsimile is valid and sufficient for all purposes the same as if the officer had remained in office until delivery;
(5) Provide for the manner in which revenue bonds may be sold, at either public or private (negotiated) sale, at a price that may be either at, above, or below par;
(6) Enter into agreements with agents, banks, fiduciaries, insurers, or others for the purpose of:
a. Pledging or otherwise assigning funds or revenues received from or in connection with any project;
b. Enhancing the marketability of any security for revenue bonds; and
c. Securing any tender option that may be granted to holders of revenue bonds; and
a. The preparation of temporary bonds, to be exchanged for definitive revenue bonds when the latter are available for delivery; and
b. For the replacement of any revenue bonds that are mutilated, destroyed, or lost.
(c) The authority of the county executive under this article is not subject to the provision of chapter 11B of the Code. (1986 L.M.C., ch. 52, § 1.)
