3.24.120 - Revenue bonds—Option for redemption.

If deemed advisable by the city, there may be retained in the proceedings an option to redeem prior to maturity all or any part of any revenue bonds as may be specified in such proceedings, at such price or prices and after such notice or notices and on such terms and conditions as may be set forth in such proceedings and as may be briefly recited in the bonds. Nothing in this chapter shall be construed to confer on the city any right or option to redeem any bonds, except as may be provided in the proceedings under which they shall have been issued.

(Ord. 301 §6(G), 1981).