The City Council has found it advisable to allow the issuance of Industrial Development Revenue Bonds consistent with the applicable provisions of state and federal laws. It has also found, in guidelines adopted on April 9, 1979, that the city should be reimbursed for and from any out-of-pocket costs relating to the actual or proposed issuance of the bonds.
(Ord. 79-32, passed 5-21-1979)