A. The City may borrow money and issue bonds in anticipation of the payment of special assessments or any combination of special assessments levied under Secs. 7-401 and 7-402 of this Charter.
B. Special assessment bonds shall be an obligation of the special assessment district or districts and may be both an obligation of the special assessment district or districts and a general obligation of the City.
C. The City may also borrow money and issue bonds under Sec. 7-301 for its share of the cost of any local public improvement or, where the cost of that improvement is to be defrayed in part from the payment of special assessments and in part from other City revenues, for the entire cost of that improvement.
(Adopted by the electorate, 11-5-1974)