3.76.090 Insurance.

   The city may obtain, or aid in obtaining from any department or agency of the United States or of the state of California or of any private company, any insurance or guarantee as to, or of, or for the payment or repayment of, interest, principal, rents, fees or other charges or any part thereof on any loan, lease or sale agreement or any instrument evidencing or securing the same, made or entered into pursuant to the provisions of this chapter; and may accept payment in such manner and form as provided therein in the event of default by a participating health institution, and may assign any such insurance or guarantee as security for bonds.

(Ord. 1584 §l (part))

3.76.100 Rents and charges.

   The city may fix rents, payments, fees, charges and interest rates for financing under this chapter and may agree to revise from time to time such rents, payments, fees, charges and interest rates to reflect changes in interest rates on bonds, losses due to defaults or changes in other expenses related to this chapter, including city administrative expenses.

(Ord. 1584 §1 ( part) )

3.76.110 Security for loans.

   The city may hold deeds of trust, mortgages or security interests as security for loans and other obligations under this chapter and may pledge or assign the same as security for repayment of bonds. Such deeds of trust, mortgages or security interests may be assigned to, and held on behalf of the city by, any bank or trust company appointed to act as trustee by the city in any resolution or indenture providing for issuance of bonds.

(Ord. 1584 §1 (part))

3.76.120 Professional services.

   The city may employ such engineering, architectural, financial, accounting, legal or other services as may be necessary in the judgment of the city for the purposes of this chapter.

(Ord. 1584 §l (part))

3.76.130 Additional powers.

   In addition to all other powers specifically granted by this chapter, the city may do all things necessary or convenient to carry out the purposes of this chapter.

(Ord. 1584 §l (part))

3.76.140 Issuance of bonds; bonds not debt of city.

   A.   The city may, from time to time, issue bonds for any of the purposes specified in Sections 3.76.030, 3.76.040, and 3.76.050. Bonds shall be negotiable instruments for all purposes, subject only to the provisions of such bonds for registration.

   B.   Every issue of bonds shall be a limited obligation of the city payable from all or any specified part of the revenues and the moneys and assets authorized in this chapter to be pledged or assigned to secure payment of bonds. Such revenues, moneys or assets shall be the sole source of repayment of such issue of bonds. Bonds issued under the provisions of this chapter shall not be deemed to constitute a debt or liability of the city or a pledge of the faith and credit of the city but shall be payable solely from specified revenues, moneys and assets. The issuance of bonds shall not directly, indirectly, or contingently obligate the city to levy or pledge any form of taxation or to make any appropriation for their payment.

      All bonds shall contain on the face thereof a statement to the following effect:

         Neither the faith and credit nor the taxing power of the city is pledged to the payment of the principal of or premium. if any or interest on this bond.

(Ord. 1584 §1 (part))

3.76.150 Costs of issuance.

   In determining the amount of bonds to be issued, the city may include all costs of the issuance of such bonds (including insurance premiums), reserve funds, and capitalized bond interest.

(Ord. 1584 §1 (part))

3.76.160 Resolution; bond provisions.

   Bonds may be issued as serial bonds, term bonds, installment bonds or pass-through certificates or any combination thereof. Bonds shall be authorized by resolution of the council and shall bear such date or dates mature at such time or times, bear interest at such fixed or variable rate or rates, be payable at such time or times, be in such denominations be executed in such manner be payable in lawful money of the United States of America at such place or places be subject to such terms of redemption and have such other terms and conditions as such resolution or any indenture authorized by such resolution to be entered into by the city may provide. Bonds may be sold at either a public or private sale and for such prices as the city shall determine.

(Ord. 1584 §1 (part))