The Council may transfer any part of an unencumbered balance of an appropriation of any fund allowed by law for any purpose or object for which the appropriation for the current year has proven insufficient, except that no transfer shall be of monies raised or appropriated for the payment of any bond or note of the Municipality until all indebtedness, interest, and other obligations which must lawfully be paid from such monies has been paid.
(Amended 11-4-80.)