The City Council may issue new Bonds to refund any or all of the Bonds outstanding and, so long as the debt service on the refunding Bonds in each bond year is no greater than the debt service on the refunded Bonds in such bond year, such refunding Bonds may be issued without repeating the procedures required for the approval of the refunded Bonds contained in Sections 11.27.30.3 through 11.27.30.9 of this article.
SECTION HISTORY
Added by Ord. No. 172,856, Eff. 11-8-99.