[R.O. 1996 § 100.090; CC 1968 § 2-3]
A. The City Council shall have power to borrow
money and to issue bonds for the payment thereof, within the limit
prescribed by the Constitution. But such bonds shall not be issued
until the Constitutionally required percentage of voters have assented
thereto.
B. For the purpose of testing the sense of
the legal voters of the City upon a proposition to become indebted
or to increase the debt of said City, as contemplated for improvements,
the City Council shall order a special election.
[R.O. 1996 § 100.100; Ord. No. 2544, 2-21-1995]
Pursuant to Section
7.10 of the Home Rule Charter of the City of Blue Springs, the City desires to determine the method of sale for City bond issues as a competitive sale or a negotiated sale, whichever will best serve the interest of the City.