(a) This Article XV shall be deemed to provide a complete, additional, and alternative method for taking the actions authorized thereby, and shall be regarded as supplemental and additional to the powers conferred by other laws, including the City’s ability to issue debt pursuant to Article I of this Chapter 43, and loan the proceeds thereof to an organization of the type described in Section 501(c)(3) of the Internal Revenue Code. The issuance of bonds under the provisions of this Article need not comply with the requirements of any other law applicable to the issuance of bonds.
(b) The purposes authorized hereby may be effectuated and bonds may be issued for any such purposes under this Article XV notwithstanding that any other law may provide for such purposes or for the issuance of bonds for like purposes and without regard to the requirements, restrictions, limitations or other provisions contained in any other law.
(c) This Article XV shall not be construed to limit any power the City may have under any other State or local law, including the City’s ability to issue debt pursuant to Article I of this Chapter 43, and loan the proceeds thereof to an organization of the type described in Section 501(c)(3) of the Internal Revenue Code. Nothing contained in this Article shall be construed to prohibit the City from exercising any power granted under any other State or local law.
(Added by Ord. 211-24, File No. 240726, App. 8/1/2024, Eff. 9/1/2024)