12.84.710 Interest paid from bond proceeds - Maximum limitation
Interest on the bonds coming due before the proceeds of a tax levied at the next general tax levy after the sale of the bonds are available, and/or interest on any bonds coming due before the expiration of one year following completion of the acquisition and construction of the works and improvements for which the bonds were issued, may be paid from the proceeds of the sale of the bonds as may be provided in the resolution providing for the issuance of the bonds.
(Ord. 3589, 7-06-76)