§ 51.78 AUTHORITY TO INCUR DEBT.
   The Finance Director may issue and sell tax anticipation notes from time to time as necessary to meet the short-term liabilities of the sewer fund prior to the receipt of revenues, provided such notes are authorized by the WPCA, Legislative Council and the Finance Director determines that said notes are payable from sewer fund revenues prior to the end of the fiscal year during which said notes are issued. The Finance Director may issue and sell long-term debts on behalf of the sewer fund, in the form of general obligation bonds or other legal debt instruments, provided such issuance is authorized by the Legislative Council and the Finance Director
(Ord. 397, passed 10-25-99)