§ 1. Issuance of securities.

(a)

The city may issue financial obligations, including general obligation bonds, revenue bonds, certificates of obligation, tax anticipation notes, time warrants, lease purchase agreements, and other financial obligations, and other public securities authorized by state law (i) to pay any debt or purchase which the city may lawfully create or make; (ii) to pay for the construction, repair, improvement or acquisition of any public work or capital asset which the city may lawfully construct, own, or acquire; (iii) to refund any prior issue of debt or obligations of the city; and (iv) to accomplish any public purpose of the city.

(b)

If any election to authorize the issuance of bonds by the city is required by other law, the bonds may not be issued unless and until the issuance is authorized at an election held in accordance with that law.

(c)

The city may pledge tax revenues, revenues from the facility to be constructed or acquired with the bond proceeds, or a combination of taxes and revenues for the repayment of the bonds.