§ 58. Debt issuance; vote required.

Latest version.

The city shall authorize the issuance of bonds by a "Bond Ordinance" passed by the affirmative votes of the majority of all members of its council. Revenue bonds may be issued by the council in accordance with law. The issuance of general obligation bonds must be approved by a majority of the qualified voters voting at an election called for that purpose.

( Ord. No. 13,026 , § 18, 11-16-15)

Editor's note

Section 18 of Ord. No. 13,026 , adopted Nov. 16, 2015, changed the title of § 58 from "Bond ordinance; vote required" to read as herein set out.

                    
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