§ 3.42.160  BOND PROVISIONS.
   Any resolution authorizing any bonds or any issue of bonds or any indenture authorized by such resolution to be entered into by the city, may contain provisions respecting any of the following terms and conditions, which shall be a part of the contract with the holders of such bonds:
   (A)   The terms, conditions and form of such bonds and the interest and principal to be paid thereon.
   (B)   Limitations on the uses and purposes to which the proceeds of sale of such bonds may be applied, and the pledge or assignment of such proceeds to secure the payment of such bonds.
   (C)   Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, and the refunding of outstanding bonds.
   (D)   The setting aside of reserves and sinking funds and such other funds as are necessary or appropriate and the regulation and disposition thereof.
   (E)   The pledge or assignment of all or any part of the revenues and of any other moneys or assets legally available therefor (including loans, deeds of trust, mortgages, leases, subleases, sales agreements and other contracts and security interests) and the use and disposition thereof, subject to such agreements with the holders of bonds as may then be outstanding.
   (F)   Limitation on the use of revenues for expenditures for operating, administration or other expenses of the city.
   (G)   Specification of the acts or omissions to act which shall constitute a default in the duties of the city to holders of such bonds, and providing the rights and remedies of such holders in the event of default, including any limitations on the right of action by individual bondholders.
   (H)   The appointment of a corporate trustee to act on behalf of the city and the holders of its bonds, the pledge or assignment of loans, deeds of trust, mortgages, leases, subleases, sales agreements, and any other contracts or security interests to such trustee, and the rights of such trustee.
   (I)   The procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of such bonds the holders of which must consent thereto, and the manner in which such consent may be given, and
   (J)   Any other provisions which the Council may deem reasonable and proper for the purposes of this chapter and the security of the bondholders.
('86 Code, § 3.42.160) (Ord. 3982, passed  - - )