The procedure to be followed in authorizing and issuing bonds and notes of the Municipality and applying the proceeds therefrom, shall be in accordance with the provisions of the general laws of the State of Ohio in effect at the time, except as expressly modified by other sections of this Charter. The limitations on the indebtedness of the Municipality, evidenced by its notes or bonds and incurred with or without a vote of the people, shall be those imposed by the general law of the State in effect at the time of issuance.