Sec. 4-22. - Payment of notes.

The power and obligation of the City to pay any and all notes hereafter issued by it pursuant to this article shall be unlimited and the City shall levy ad valorem taxes on all the taxable property within the City for the payment of such notes and interest thereon without limitation of rate or amount, subject to the laws of the state. The faith and credit of the City is hereby pledged for the payment of the principal of and interest on all notes of the City hereafter issued pursuant to this article, whether or not such pledge be stated in the notes.