The Mayor and Common Council may authorize the issuance of revenue bonds without first submitting to its qualified voters, at an election held for that purpose, the proposition of issuing bonds pursuant to the Revenue Bond Law of 1941. 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)