Any bonds authorized and issued pursuant to the provisions of any bond ordinance and any bonds issued and outstanding which by their terms are payable from taxes unlimited as to rate or amount and levied against all the taxable property within the city, may be refunded prior to their maturity or at their maturity. Matured interest coupons evidencing interest on these unpaid bonds may also be refunded. The issuance of refunding bonds shall be authorized by a refunding bond ordinance, which shall be adopted in the manner and subject to the terms, conditions, and provisions required for the issuance of bonds for public purposes.
(Ord. 6379, passed 9-28-76)