Sec. 10-32. Bond anticipation notes.

In anticipation of the sale of bonds authorized by this division, the city is authorized to issue bond anticipation notes, and to renew the same from time to time, in such series and amounts as are determined by the council to be necessary or appropriate for the costs of facilities approved by the council. Such notes shall be payable from revenues or other moneys or assets authorized by this division to be pledged to secure payment of bonds, and which are not otherwise pledge, or from the proceeds of sale of the particular bonds in anticipation of which they are issued. Such notes shall be issued in the same manner as bonds. The mayor or city manager shall determine the terms and timing of the issuance of particular bond anticipation notes in accord with the provisions of this division and the resolution of the city council approving the particular project to be financed thereby. Such notes, any resolution relating to the issuance of such notes and any indenture to be entered into by the city pursuant to such resolution may contain any provisions, conditions or limitations permitted under this Article 3. (Ord. No. 1841 (NCS), § 1.)