A bond issued by a local (municipal) government in Canada may contain the following features:

options:

A. General obligation; revenue bond; or serial bonds, with no federal or provincial guarantee.

B. Only general obligation or serial bonds, with only a provincial guarantee.

C. General obligation; revenue bond; or serial bonds, with only a provincial guarantee.

D. General obligation; revenue bond; or serial bonds, with only a federal guarantee.

E. Only general obligation or serial bonds, with no federal or provincial guarantee.