The text
A.
The city may, from time to time, issue its negotiable and/or nonegotiable revenue bonds for the purpose of financing rental housing.
B.
In anticipation of the sale of revenue bonds, the city may issue negotiable and/or nonnegotiable bond anticipation notes and may renew such notes from time to time. Bond anticipation notes may be paid from the proceeds of sale of revenue bonds of the city in anticipation of which they were issued. Bond anticipation notes and agreements relating thereto and the resolution or resolutions authorizing such notes and agreements may contain any provisions, conditions, or limitations which a revenue bond, agreement relating thereto, or revenue bond resolution of the city may contain.
C.
Every issue of its revenue bonds shall be a special obligation of the city payable from all or any part of the revenues specified in this chapter. If the proceedings so provide, the revenue bonds may be negotiable instruments for all purposes, subject only to the provisions respecting registration thereof; or they be registered bonds.
D.
In determining the amount of revenue bonds or bond anticipation notes to be issued, the city may include all costs of the issuance of such revenue bonds or notes, reserve funds, the interest estimated to accrue during the construction period and for a reasonable period thereafter.
E.
The revenue bonds may be issued as serial bonds or as term bonds, or the city in its discretion, may issue revenue bonds of both types. The revenue bonds shall be authorized by resolution of the city council and shall bear such date or dates, mature at such time or times, not exceeding fifty years from their respective dates of issuance, bear interest at such fixed or variable rate or rates, not to exceed such interest rate or rates per year, as may be permitted at that time under the Constitution of the State of California, be payable at such time or times, be in such denominations, be in such form either coupon or registered, carry such exchange and registration privileges, be executed in such manner, be payable in lawful money of the United States of America at such place or places within or without the state, and be subject to such terms of redemption as the resolution or resolutions of the city may provide. Pending preparation of the definitive bonds, the city may issue interim receipts, certificates, or temporary bonds, which shall be exchanged for such definitive bonds.
(Ord. 301 §6(A—E), 1981).