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The Resolution may provide that the Note shall be subject to call and redemption prior to the maturity, at the option of the City, and state the manner of giving notice of redemption to the holder of the Note to be redeemed and the price at which the Note shall be subject to redemption. Such Note shall state on its face that it is callable, and no Note shall be so subject unless it contains such recital.
(Added by Ord. 225-81, App. 5/5/81)
A Bond Anticipation Note may be issued in such principal amount as is set forth in the Resolution authorizing its issuance, which may include interest on the Note for its full term; provided, however, that such Note shall not be issued in a principal amount at any time outstanding which, when added to the interest payable thereon for the full period of the Note shall exceed the authorized principal amount of the unissued bonds described in the Resolution authorizing the issuance of the Note.
(Added by Ord. 225-81, App. 5/5/81)
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