Santa Rosa Municipal Code Ch. 4-44 Revenue Bonds

The City may issue revenue bonds to provide funds for the acquisition, construction, improvement, extension, replacement, repair and financing of a revenue producing public improvement, facilities, system and/or works, called "Enterprise" in this chapter.

(Prior code App. A, § 700)

The City Council shall, by resolution, provide for the issuance of bonds payable exclusively from and secured by a lien upon the revenues of the Enterprise, or such part thereof as is pledged in the resolution providing for their issuance, and such other funds from any other source as may be legally used therefor without incurring an indebtedness of the City.

(Prior code App. A, § 701)

Notwithstanding any other law, the City Council may, in such resolution, provide the maximum rate of interest any of said bonds shall bear and may further provide that the first interest coupon may be for one year or less.

(Prior code App. A, § 702)

Except as otherwise provided in this chapter, or as otherwise provided in the resolution providing for the issuance of the bonds, the Revenue Bond Law of 1941 (Government Code, Title 5, Division 2, Part 1, Chapter 6, Sections 54300 through 54700), as now or hereafter amended, excepting Article 3 thereof, shall apply.

(Prior code App. A, § 703)