Sale of Bonds

Bonds authorized to be issued under this Article shall be sold for cash, in accordance with the provisions of a certificate or agreement executed by I Maga’hågan/Maga’låhen Guåhan. The bonds may be sold at either public or private sale, and upon such terms and conditions as shall be authorized by I Maga’hågan/Maga’låhen Guåhan, which may provide that the bonds may be sold at less than their par or face value.