Section 51.00. Terms, form and contents of obligations

Every bond and note
  shall contain a statement of at least the following:
    1. The type of obligation.
    2. The amount of the obligation and the total amount of the  issue  of
  which the obligation is a part.
    3. The date and maturity of the obligation.
    4.  If  the  obligation  is  a  tax  anticipation  note  or  a revenue
  anticipation note, the fiscal year for which the taxes  were  levied  or
  are to be levied or in which the revenues are to become due and payable,
  as  the  case may be; if the obligation is a tax anticipation note to be
  issued in anticipation of the levy or collection of  assessments  for  a
  fiscal year or in anticipation of the collection of an installment of an
  assessment  for  a  capital  improvement, the fiscal year for which such
  assessments were levied or are to be levied or in which such installment
  becomes due, as the case may be.
    * 5. The rate of interest or, in the case  of  obligations  bearing  a
  variable  rate  of interest, the procedure for calculating such variable
  rate of interest and the maximum rate of interest  which  such  variable
  rate notes may bear, together with the date or dates of payment thereof.
    * NB Effective until July 15, 2012
    * 5. The rate of interest and the date or dates of payment thereof.
    * NB Effective July 15, 2012
    6. The place or places of payment of principal and interest.
    7. The medium of payment.
    8.  An irrevocable pledge of the faith and credit of the municipality,
  school district or district corporation issuing the obligation  for  the
  payment thereof.
    9. If the obligation is payable to bearer, whether it may be converted
  into  a  registered obligation; if the obligation is in registered form,
  whether it may be converted into a bearer obligation.
    10. If the obligation may be called for redemption prior to  its  date
  of maturity, the terms and conditions under which such obligation may be
  redeemed.