The Mayor and Common Council may authorize the authority to issue revenue bonds without first submitting the question of whether the City or the authority, or both, shall be authorized to adopt the revenue bond method of financing projects provided for in this section to the electors of the City. The Mayor and Common Council shall make such authorization by ordinance. The ordinance shall describe in general terms the improvements or acquisitions to be funded by the revenue bonds and the maximum amount of the bonds proposed to be issued. Each such ordinance shall state that it is subject to the provisions for referendum applicable to the City.
(Ord. 3589, 7-06-76)