Subject to the limitations in this subtitle, the governing body of a county or municipal corporation shall determine, with respect to borrowing or indebtedness under this subtitle:

            (1)      The manner, method, means, and conditions by which the indebtedness shall be incurred or money borrowed;

            (2)      The kind and character of obligations which shall be issued;

            (3)      The form and substance of any and all obligations issued;

            (4)      The rate of interest which any and all obligations shall bear;

            (5)      The manner, method, or means of sale, both private or public, of any obligations issued;

            (6)      The time or times when any indebtedness shall be incurred or money borrowed; and

            (7)      The time or times when any obligation or obligations shall be issued.