In anticipation of the sale of bonds authorized by this chapter, the City is hereby
authorized to issue bond anticipation notes, and to renew the same from time to time,
in such series and amounts as are determined by the Council to be necessary or appropriate
for the costs of facilities approved by the Council. Such notes shall be payable from
revenues or other moneys or assets authorized by this chapter to be pledged to secure
payment of bonds, and which are not otherwise pledged, or from the proceeds or sale
of the particular bonds in anticipation of which they are issued. Such notes shall
be issued in the same manner as bonds. The City Manager or his/her designee shall
determine the terms and timing of the issuance of particular bond anticipation notes
in accord with the provisions of Section 8-5.303 and the resolution of the Council approving the particular facility to be financed
thereby. Such notes, any resolution relating to the issuance of such notes and any
indenture to be entered into by the City pursuant to such resolution may contain any
provisions, conditions or limitations permitted under Section 8-5.304.
(Added by Ord. 2551-C.S., § 1, effective 11-19-87)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
