This division and the excise tax levied pursuant hereto shall not be repealed by the city council or by referendum of the registered qualified voters of the city in the event the proceeds of the referenced excise tax are being used or have been pledged by the city or any public trust having the city as beneficiary for the purpose of paying debt service on obligations issued by the city or any public trust having the city as beneficiary.
(Ord. No. 16-03, § 5, 4-25-2016)