§ 1223. REVENUE BONDS.

Latest version.

Notwithstanding anything contained in the preceding Sections 1218 to 1222, the Council may issue revenue bonds for any lawful purpose, in such manner and upon such terms and conditions as it may fix and establish by the provisions of a procedural ordinance. Such bonds shall be payable only out of revenues specified by the Council and shall not constitute an indebtedness of the City. This section shall be deemed to provide a complete, additional and alternative method for doing the things authorized by such preceding sections, and shall be regarded as supplemental and additional to the powers conferred thereby or by other laws.

(Amendment ratified 1981 Municipal Election, March 3, 1981.)

                    
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