Chapter 3.02 — DEBT FINANCING

Exeter Municipal Code · 2026-09 edition · updated 2026-10-02 · Exeter

3.02.010 - City council debt financing authorization in accordance with the California Constitution.¶

Following the procedures set forth or otherwise permitted by the California Constitution, the city council may authorize the issuance of all manner of securities and incur all manner of indebtedness, subject to the procedural and substantive requirements and limitations prescribed by those laws.

Notwithstanding subsection A, above, and subject to any other procedural requirements or limitations provided for by applicable law, any authorization to issue bonds or other securities shall require a resolution of authorization by the city council.

(Ord. No. 690, §1, 11-12-2019)

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