The City of Chicago, acting by its city council, may, from time to time, borrow money for proper public purposes and in evidence of such borrowing, issue its general obligation bonds payable from ad valorem taxes to be levied without limitation as to rate or amount, against all taxable property situated within the city. Such bonds may be issued without the submission of the question to their issuance to the electors of the city for their approval and the procedures for the issuance of such bonds shall be substantially as herein provided in Sections 2-32-680 through 2-32-750 of this chapter.
(Prior code § 7-58)