Bonds issued by the city under authority of this chapter shall not be the general obligation of such city within the meaning of article IX, sections 12 and 13, of the constitution of the state. The bonds shall be payable solely out of the revenue derived from the projects to finance which the bonds are issued. Bonds and interest coupons issued under authority of this chapter shall never constitute an indebtedness of the city within the meaning of any state constitutional provision or statutory limitation, and shall never constitute nor give rise to a pecuniary liability of the city or a charge against its general credit or taxing power, and such fact shall be plainly stated in the face of each such bond. Such bonds shall be dated, executed and delivered at any time and from time to time may be in such form and denominations; may be of such tenor; may be in registered or bearer form, either as to principal or interest, or both; may be payable in such installments and at such times, not exceeding thirty (30) years, from their date; may be payable at such place or places; may bear interest at such rate or rates payable at such place or places evidenced in such manner; and may contain such provisions not inconsistent herewith, by subsequent proceedings of the city council or amendments hereto, as herein provided. Any bonds issued under the authority of this chapter may be sold at public or private sale in such manner and from time to time as may be determined by the city council to be most advantageous, and the city shall pay all expenses and costs, including consultant, attorney, engineering, and architect fees, premiums, and commissions which the city council may deem necessary or advantageous in connection with the authorization and creation of a project or projects, sale and issuance of bonds, which said fees, commissions, expenses, and costs shall be paid out of the proceeds of the sale of said bonds. (Ord. 310, 5-2-1960)