Sec. 4-27. - Special debt statement.

Five (5) days prior to the date of the second reading of the bond ordinance, the director of finance shall file with the City Clerk, who shall post publicly, a statement setting forth (a) the aggregate principal amount of all outstanding bonds and notes of the city; (b) deductions permitted by the constitution and general laws; (c) the amount of the existing net indebtedness; (d) the amount of the net indebtedness after the issuance of the bonds authorized by such bond ordinance; and (e) the aggregate principal amount of bonds and notes which the City may issue, pursuant to law.