Bonds shall be issued as serial bonds, term bonds, installment bonds or pass-through certificates or any combination thereof. The City Manager shall determine the terms and timing of the issuance of particular bonds in accordance with the ordinance of the council approving the particular facilities to be financed thereby. Such ordinance shall be subject to referendum. Bonds shall bear such date or dates, mature at such time or times, bear interest at such fixed or variable rate or rates approved by the participating party whose facilities are being financed but not to exceed the maximum rate permitted by law, be payable at such time or times, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in lawful money of the United States of America at such place or places, be subject to such terms of redemption and have such other terms and conditions as such ordinance, or any indenture to be entered into by the City pursuant to such ordinance, shall provide. Bonds shall be sold at either public or private sale and for such prices as the City shall determine. (Ord. 5683-NS § 9, 1985)