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The powers conferred by this ordinance are in addition and supplemental to, and the limitations imposed by this ordinance shall not affect, the powers conferred by any other ordinance. Residential developments and home mortgages may be acquired, purchased, constructed, reconstructed, rehabilitated, improved, bettered, equipped, extended and financed, and bonds may be issued under this ordinance for such purposes, notwithstanding that any law or any other ordinance may provide for the acquisition, purchase, construction, reconstruction, rehabilitation, improvement, equipping, betterment, extension and financing of a like residential development or like home mortgages, or the issuance of bonds for like purposes, and without regard to the requirements, restrictions, limitations or other provisions contained in any law or any other ordinance.
(Prior code § 7-96)
The provisions of this ordinance are severable and if any of its provisions or any sentence, clause or paragraph shall be held unconstitutional by any court of competent jurisdiction, the decision of such court shall not affect or impair any of the remaining provisions.
(Prior code § 7-97)
ARTICLE XII. FINANCING SEWER SYSTEM COSTS (2-32-1090 et seq.)
The City of Chicago, acting by its city council, may from time to time, borrow funds to finance the estimated costs and expenses of operating and maintaining the City of Chicago sewer system (the "system") and of constructing extensions, improvements, or both, to the system, and in evidence of such borrowing, to issue its notes, which notes, both principal thereof and interest thereon, will be paid from the net revenues of the system, the proceeds to be received from the sale of bonds or other obligations of the city whether payable from the net revenues of the system or otherwise, taxes levied for such purpose, or from any other moneys legally available for such purpose. The procedures for the issuance of such notes shall be as substantially herein provided in Sections 2-32-1090 through 2-32-1120 of this chapter.
(Prior code § 7-99)
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