§ 6-8. Authority of city to issue bonds generally.

The city is authorized to issue bonds of said city of such form, denomination, bearing such rate of interest and becoming due in such time and upon such conditions as may be determined, in an amount not exceeding in the aggregate percentage of the assessed valuation of the taxable property in the city at the time of issue allowable by state law, for any.

(Ord. No. 411, § 7, 10-13-03, approved at referendum 12-2-03)

State law reference

Issuance of bonds, F.S. § 166.121.

Editor's note

Ord. No. 411, § 7, adopted Oct. 13, 2003, and approved at referendum Dec. 2, 2003, repealed former § 6-9 of the Charter and renumbered former §§ 6-10—6-12 as §§ 6-8—6-10 and amended §§ 6-8, 6-10. Former § 6-8 pertained to the failure to adopt or levy tax and derived without amendment from the original Charter.