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L= -3- 0 The Bonds shall be sold at public sale after advertise- ment in such publications as the Mayor, upon consultation with the City's fiscal agent, shall determine will insure adequate notice and opportunity for bidding. The Notice of Sale shall contain such terms and provisions as shall be determined (after consultation with the fiscal agent) to be appropriate in order to obtain the most favorable bids and the best terms for the City. The Notice of Sale may provide that, subject to approval of the City Council, the bonds may be converted to an issue bearing interest at lower rates and that the successful bidder may name the Trustee and Paying Agent for the bonds. The terms of the sale (and conversion, if any) and the designation of the Trustee and Paying Agent must be approved by the City Council by resolution. In each such resolution the City Council shall set forth (in addition to other pertinent matters) the details of the bonds as they are being issued, including principal amount, numbers, denominations, rates of interest, a schedule reflecting the annual principal maturities, the semiannual interest requirements and the total annual requirements, and applicable redemption provisions. Section 3. The bonds shall be executed on behalf of the City by the Mayor and City Clerk and shall have impressed or printed thereon the seal of the City. The bonds may be executed by the facsimile signature of the Mayor and the interest coupons attached to the bonds shall be executed by the facsimile signature of the Mayor, with the facsimile signature of the Mayor to have the same force and effect as if personally signed by him. The bonds must be executed by the manual signature of the City Clerk. The bonds, together with interest thereon, shall be payable solely out of the 1978 Water and Sewer Revenue Bond Fund (the "Bond Fund") as