App § 1123. Powers of the City not limited
§ 1123. Powers of the City not limited The powers granted in this subchapter shall not be construed in limitation, diminution, or in substitution for, but in addition to, power provided by law for municipalities generally in authorizing and incurring indebtedness for public improvements or otherwise, all of which general powers shall inure to and […]
App § 1124. City finances
§ 1124. City finances Except as hereinafter provided, the money raised by taxation from fines and penalties and from other lawful sources shall constitute the entire sum for which appropriations and payments are to be made by authority of the City Council, except that money raised by bonds or notes as hereinafter authorized shall be […]
App § 1125. Budget surplus and deficit
§ 1125. Budget surplus and deficit Unless otherwise disposed of in the manner provided by law or set in reserve by the City Council, any surplus existing at the end of the fiscal year shall be carried forward as revenue in the General Fund for the next ensuing fiscal year. Any deficit existing at the […]
App § 1117. Use of unexpended bond proceeds
§ 1117. Use of unexpended bond proceeds (a) The proceeds of all bonds or notes shall be used for the purpose for which they were authorized. However, any unexpended balance remaining after carrying out the purpose for which they were authorized may, by vote of any annual or special City meeting duly warned and held […]
App § 1118. Bonds or notes for refunding; authorization; procedure
§ 1118. Bonds or notes for refunding; authorization; procedure The City may issue bonds or notes to refund the principal and interest of bonds or notes then outstanding and for any other purpose authorized by the general laws of the State. Such refunding bonds or notes shall be authorized and issued as provided by law. […]
App § 1119. Temporary loans in anticipation of taxes and for current expenses
§ 1119. Temporary loans in anticipation of taxes and for current expenses The City Council shall have the authority to borrow in anticipation of the receipt of taxes and other revenue, in anticipation of the receipt of grants, in anticipation of the issuance of bonds, and for current expenses as provided by the general law, […]
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 § 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 […]