The Council of said City shall have power to issue general obligation bonds in behalf of said City for the payment of debts or for improvements and establish a sinking fund for the payment thereof provided the same shall be in accordance with Section 8, Article 8 of the Constitution and general laws of the State. The Council shall have power to issue revenue bonds in behalf of said City for any and all purposes for which the general law will permit the issuance of revenue bonds, and to make, provide and establish a sinking fund to make provision for, and establish a sinking fund for, the payment thereof.
(Amended 11-22-1955)