Negotiable bonds pledging the general credit of the City for any purpose for which bonds may be lawfully issued, including the acquiring, constructing or extending of any public utility, and negotiable bonds provided for by Section 10 of Article 18 of the Constitution, and negotiable mortgage bonds provided for by Section 12 of Article 18 of the Constitution, may be authorized by ordinance initiated by electors; or any such bonds may be authorized by resolution and ordinance of Council, subject to the provisions of this Charter.
Insofar as the initiated ordinance, if one there be, does not fix the amount, terms and form of bonds authorized, the Council, in such cases, and in all other cases, shall fix the amount, terms and form of all such bonds authorized, and shall do or authorize to be done, all other things not expressly authorized, that shall be necessary or proper to be done, to make such bonds valid and binding obligations for the purpose for which they are authorized.
All of said bonds shall be executed in the manner authorized by the laws of the State of Ohio.
(Amended 9-13-83.)