(A) Emergency appropriations.
(1) At any time in any budget year, the City Council may, pursuant to this section, make emergency appropriations to meet a pressing need for public expenditure, for other than a regular or recurring requirement, to protect the public health, safety or welfare.
(2) Such appropriation shall be by ordinance adopted by the favorable votes of at least a majority of the members of the City Council. The total amount of all emergency appropriations made in any budget year shall not exceed the amount of unanticipated actual revenue in excess of the budget estimates, plus transfers from other appropriations.
(B) Borrowing in anticipation of taxes. In any budget year in anticipation of the collection of the revenues for the budget year, but not in excess of 50% of such revenue then uncollected, the City Council may by resolution borrow money and issue negotiable notes of the city.
(1997 Code, § 33.31) (Ord. 5-3-1978, passed 9-5-1978)