Sec. 4-32. - Payment of bonds and notes.

The power and obligation of the City to pay any and all bonds and notes hereafter issued by it pursuant to this Charter shall be unlimited and the City shall levy ad valorem taxes upon all the taxable property within the City for the payment of such bonds or 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 the interest on all bonds and notes of the City hereafter issued pursuant to this Charter, whether or not such pledge be stated in the bonds or notes, or in the bond ordinance authorizing their issuance.