Sec. 4-19. - Borrowing in anticipation of other revenues.

In any fiscal year, in anticipation of the collection or receipt of other revenues than the property tax of that fiscal year, the Council may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated "special revenue note for the year…." (stating the fiscal year). Such notes may be renewed, but all such notes, together with the renewals, shall mature and be paid not later than the end of the fiscal year immediately following the fiscal year in which the original notes shall have been issued.