The fiscal year of the City shall begin on the first (1st) day
of July and end on the last day of June, or as otherwise set by ordinance.
Taxes as authorized by law shall be levied by ordinance.
The City shall be authorized to sell any bonds as may now or
hereafter be authorized by law. Bonds sold by the City may be sold
at private or public sale as authorized by law. In the event such
bonds are to be sold at public sale, the same shall be sold upon sealed
proposals after reasonable public notice has been given provided by
ordinance or otherwise by law. Any public sale shall be conducted
according to the terms and conditions as may be provided by ordinance.