Refunding bonds may be issued in a principal amount sufficient to provide for the payment of all of the following:
(a) The principal amount of the bonds to be refunded;
(b) The premium necessary to be paid in calling and retiring the outstanding bonds;
(c) The price in excess of the par value of bonds required to be paid for their purchase in the open market;
(d) Interest accrued, or to accrue, on the bonds to be refunded, to the date of their refunding or to the next interest payment date thereafter when required to be paid;
(e) The costs of financial, legal and other technical services employed to accomplish the refunding;
(f) The costs of printing and advertising, and all other costs of the City incurred or to be incurred in the refunding proceedings; and
(g) Interest on the refunding bonds from their date to the date they are delivered to the former bondholders, in exchange for former bonds.
(Added by Ord. 225-81, App. 5/5/81)