The city, acting by the council, may borrow money for proper public purposes and in evidence of this borrowing issue its full faith and credit bonds payable from ad valorem taxes to be levied without limitation as to rate or amount against all taxable property situated within the city. These bonds may be issued without the submission of the question of their issuance to the electors of the city for their approval. The procedures for the issuance of these bonds shall be substantially as provided in this chapter.
(Ord. 6379, passed 9-28-76)