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� � . <br /> Section 5 . Exercise of Powers - Bonds . Such bonds <br /> shall be authorized by the Bond Ordinance which may be adopted <br /> at the same meeting at which it is introduced and shall take effec� <br /> immediately upon adoption. <br /> The bonds shall bear interest at suc.h rate or rates , pay- <br /> able at such times, may be in one or more series , may bear such <br /> date or dates , may mature at such time or times not exceeding �0 <br /> years from their respective dates, may be payable in such medium of <br /> payment at such place or places , may carry such registration priv- <br /> ileges , may be subject to such terms of redemption at such premiums , <br /> may be executed in such manner, may contain such terms , covenants <br /> and conditions, and may be in such form,either coupon or registered, <br /> as the Bond Ordinance may provide or as may be subsequently deter- <br /> mined by the City Council before the bonds are issued. The bonds <br /> may be sold at public or private sale in such manner and upon such <br /> terms as may be deemed advisable by the City Council of the City . <br /> The bonds shall be deemed to be securities and negotiable instru- <br /> ments within the meaning and for all purposes of the "Uniform <br /> Commercial Code" . <br /> Section 6 . Title to the Hospital Facilit . It shall <br /> not be necessary for the City to own or acquire any Hospital <br /> Facility or part thereof financed hereunder. <br /> Section 7 . Covenants in Bonds . Any Bond Ordinance may <br /> contain covenants as to (a) the use and disposition of the revenues <br /> and receipts from the security agreement or the Hospital Facility <br /> -5- <br />