The City of Alhambra, in addition to any other powers now or hereafter held by it, shall have the right and power to incur indebtedness to pay the cost of establishing, maintaining and operating public off-street parking facilities, consisting of public places or garages for the parking of automobiles, and all appropriate appurtenances and improvements related thereto, including all incidental costs, and to issue revenue bonds to evidence such indebtedness.
The council shall provide by ordinance for the procedure and general terms and conditions under which such revenue bonds shall from time to time be sold and issued, and any other matters pertaining to such bonds.
It shall also provide by ordinance with reference to each issue of such bonds, the amount and all of the particulars, terms and conditions thereof and of their sale and issuance, which shall be consistent with the procedure ordinance provided for in the preceding paragraph.
The aggregate principal amount of bonds issued pursuant to this section shall not exceed two hundred thousand dollars unless the proposition of issuing such bonds in excess of said amount shall have been submitted to the electors of the city and shall have been approved by a majority of voters voting upon the proposition.
Such bonds shall not constitute general obliga-tions of the city, but each issue thereof shall be payable solely from revenues specified in the proceedings for the issuance thereof which may include revenues of off-street parking facilities, whether provided out of the proceeds of such issue, or previously existing or thereafter to be established, and revenues from street-parking meters or other revenues not derived from taxation.
Such bonds, and any interest coupons pertaining thereto, may be issued in negotiable form.
Such bonds and coupons, and any other bonds and coupons issued by the city, shall be payable upon presentation, without the presentation and auditing of demands, or the drawing of warrants, provided for in sections 131 and 132 of this Charter.
Whenever the council may deem that it will enhance the salability of any such bonds, or of any other bonds issued by the city, so to do, it may employ attorneys other than the city attorney to furnish an opinion as to the validity thereof or to render other services relating to the issuance of such bonds.
Indebtedness created under this section shall not be included in determining the amount of indebted-ness which may be created pursuant to subsection 14 of section 59 of this Charter. (1951, A. C. Res. C. 211.)