Iowa Code 384.29 – Form of bonds

As provided by resolution of the council, general obligation bonds may:

1. Bear dates.

and: includes the disjunctive "or" and the use of the disjunctive "or" includes the conjunctive "and" unless the context clearly indicates otherwise. See Iowa Code 384.23
Council: means the governing body of a city. See Iowa Code 362.2
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Rates: means rates, fees, tolls, rentals, and charges for the use of or service provided by a city utility, combined utility system, city enterprise, or combined city enterprise. See Iowa Code 384.80
state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1

2. Bear interest at rates not exceeding the limitations imposed by chapter 75.

3. Mature in one or more installments.

4. Be in either coupon or registered form.

5. Carry registration and conversion privileges.

6. Be payable as to principal and interest at times and places.

7. Be subject to terms of redemption prior to maturity with or without premium.

8. Be in one or more denominations.

9. Be designated with a brief reference to purpose, or if issued for a combination of purposes, be designated “corporate purpose bond”.

10. Contain other provisions not in conflict with the laws of the state of Iowa.