Section 8-120 - Resolution of Board - Specific provisionsBy resolution, the Board may provide that the State bonds authorized by an enabling act:
(1) be in 1 or more series;(2) bear a certain date of issue;(3) be executed in a certain manner;(4) be sold in a certain manner at public or private, negotiated sale;(5) be in certain denominations, not necessarily in equal paramounts;(6) mature in certain amounts at certain times, not necessarily in consecutive annual installments, but not later than 15 years after their respective dates of issue;(7) bear interest at certain rates or at rates to be determined in the manner stated in the resolution; and(8) be paid, as to principal and interest, at certain places.