App § 1121. Limitations
§ 1121. Limitations The credit of the City shall not be pledged, except in the manner herein provided, and the City Council shall not expend in any year a sum of money in excess of the revenues of the City for that year or increase the indebtedness of the City, except as provided by this […]
App § 1122. Special indebtedness for water purposes, sewage disposal, and heat improvements
§ 1122. Special indebtedness for water purposes, sewage disposal, and heat improvements For the purpose of owning, operating, improving, and managing its public water works system, a public sewage disposal system, heat facilities and devices, facilities, and other measures intended to conserve energy use, promote efficient energy use, or any combination thereof, the City may […]
App § 1115. Record by Treasurer
§ 1115. Record by Treasurer The City Treasurer shall keep a record of every bond or note issued under this subchapter, stating the number and denomination of each bond or note, when issued, and the rate of interest. The Treasurer shall also keep a record of payments of interest or principal. (Amended 2013, No. M-19 […]
App § 1111. Specifications
§ 1111. Specifications The City Council shall approve the rate of interest, the date, the denominations, the time and place of payment, and the form of such bonds or notes. The City Council may provide that the bonds or notes be sold on a competitive bid basis or by negotiated sale. (Amended 2013, No. M-19 […]
App § 1112. Taxes to meet interest and payments
§ 1112. Taxes to meet interest and payments At the time of voting a general tax levy, the City shall provide annually for the assessment and collection each year, until such bonds or notes are paid, of a tax sufficient to pay the interest on such bonds or notes and the part of the principal […]
App § 1113. Advertisement
§ 1113. Advertisement Bond of the City shall be advertised for sale as provided by the general laws of the State. (Amended 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014.)
App § 1114. Execution
§ 1114. Execution All bonds and notes issued under this subchapter shall be signed by the Mayor and Treasurer of the City and in addition bonds shall bear the Seal of the City. The bonds or notes shall contain a statement that they were issued for the purposes mentioned in and in conformity with the […]
App § 1106. Authorization
§ 1106. Authorization When a majority of all the voters voting on such proposition at an annual meeting or special City meeting shall vote to authorize such improvements and the incurring of debt to pay for the same, the City Council shall be authorized to make such improvements. (Amended 2013, No. M-19 (Adj. Sess.), § […]
App § 1107. Conduct of meetings
§ 1107. Conduct of meetings The qualifications of voters at all such City meetings shall be the same as the qualifications of voters at annual City meetings, and such meetings shall be conducted in the same manner as City meetings are conducted. The vote on the question of making the improvements and incurring a debt […]
App § 1108. City Council action
§ 1108. City Council action When the incurring of a debt has been authorized by the voters in the manner provided in this subchapter, the City Council shall determine by resolution whether notes or bonds are to be issued and the terms thereof. (Amended 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014.)