Subject to the laws of this State and this Charter, the Commission, by ordinance or resolution, may authorize the borrowing of money for any purpose within the scope of the powers of the City, including parking facilities, boulevard lighting, and the City's share of the cost of any local improvement, and may issue bonds of the City or other evidence of indebtedness therefore, and may pledge the full faith, credit and resources of the City for payment of the obligation created thereby.
(Charter effective 1-1-77)