§ 7.06. Issuance of bonds; how authorized.

Latest version.

The procedure for the passage of an ordinance authorizing the issuance of bonds shall be the same as for the passage of any other ordinance, except that no such ordinance shall be passed as an emergency ordinance and that the affirmative votes of two-thirds of the entire council shall be necessary for its adoption. Upon adoption by the council of a bond ordinance, when required, the city clerk shall forthwith certify a copy of said ordinance to the circuit court having jurisdiction or to the judge thereof, in vacation, who shall thereupon order a special election of the qualified voters of the city to be held by general law in such cases provided. If a majority of those voting therein at such election shall approve the ordinance, it shall take effect immediately, and if not, it shall be void.

(Acts 1973, ch. 292; Acts 1992, ch. 513)

(Acts 1973, ch. 292; Acts 1992, ch. 513)

                    
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