[HISTORY: Adopted by the Municipal Council of the City of Clifton 1-6-1970
by Ord. No. 3955 (Article 6 of Chapter 12 of the Revised
Ordinances of the City of Clifton, New Jersey, 1960). Amendments noted where
applicable.]
All ordinances heretofore adopted authorizing the issuance of bonds
or bonds and notes of the City and all resolutions authorizing the issuance
of notes in anticipation of the issuance of bonds which recite that the bonds
or notes thereby authorized shall bear interest at a rate which shall not
exceed 6% per annum are hereby amended so as to recite that all such bonds
and notes issued in anticipation of such bonds shall bear interest at a rate
per annum within the limitations prescribed by law.
