Whenever the Council deems it necessary for the City to incur a bonded indebtedness under this article, it may adopt a supplemental resolution (Supplemental Resolution) pursuant to the Wastewater System Revenue Bonds General Resolution, adopted by the Council on November 10, 1987, as amended and supplemented (General Resolution), or the Wastewater System Subordinate Revenue Bonds General Resolution, adopted by the Council on March 26, 1991, as amended and supplemented (Subordinate General Resolution), as applicable, pursuant to which the City has previously issued Bonds. The City may continue to issue Bonds in the form of notes pursuant to the Subordinate General Resolution, as amended and supplemented as of the effective date of this Article. When issuing Bonds pursuant to this Section 11.28.13, the City shall not be required to comply with Sections 54300, et seq., of the California Government Code (Revenue Bond Law of 1941), unless required by the Charter.
SECTION HISTORY
Added by Ord. No. 182,531, Eff. 6-10-13.