§ 7.12. Advertisement and sale of bonds.

All bonds to be sold by the City and payable from the City's general fund or any of its enterprise funds shall be advertised for sale at least once in a newspaper of general circulation in the City and in such financial journals as may be deemed necessary to stimulate competitive bidding, at least fifteen (15) days before the bond sale in the manner required by state law. The provisions of this section shall not be interpreted to require public bidding in the event such bonds are sold to a public financing authority.

(Amended April 13, 1982; amended by General Municipal Election on November 7, 2000; Amended by General Municipal Election on November 2, 2010)