At any time in any budget year, when the Council shall determine that revenues will, for any reason, be insufficient to meet authorized expenditures, it may by ordinance, borrow money and/or issue notes. These notes may be of three (3) different types:
A. Those issued to finance emergency appropriations, when available funds are insufficient for that purpose;
B. Those issued in anticipation of the collection of taxes upon real estate and income;
C. Those issued in anticipation of the collection of other types of revenue.
In the case of public emergency as authorized by the Ohio Revised Code, the Council of the Village may borrow money for any municipal purpose valid under the Constitution of Ohio or this Charter to the extent of the maximum debt limitations imposed by this Charter, by ordinance of Council, and the Constitution, and may create debt in any form and under any procedure not in conflict with any express prohibition of the Constitution and laws of Ohio and/or of this Charter.