The City Council may provide for the issuance of Bonds any portion of which is to
be used for the purpose of refunding outstanding Bonds, including the payment of the
principal thereof and interest and redemption premiums, if any, thereon. The proceeds
of Bonds issued to refund any outstanding Bonds may, in the discretion of the City
Council, be applied to the retirement of such outstanding Bonds at maturity, or the
redemption (on any redemption date) or purchase of such outstanding Bonds prior to
maturity, upon such terms and subject to such conditions as the City Council shall
deem advisable.
(Added by Ord. 2290-C.S., § 1, effective 11-1-84)
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