The City of Humble shall have the power and authority, by ordinance duly adopted, to borrow money on the credit of the city for permanent public improvements and to issue its general obligation bonds, revenue bonds, refunding bonds, certificates of indebtedness, notes, warrants, or other forms of indebtedness pursuant to and in accordance with the present or hereinafter adopted or amended general and special laws of this state applicable to home rule cities, except as such power and authority is expressly limited or denied by this chapter, or any amendments hereto.
(Ordinance 22-934 adopted 5/26/22)
Each bond ordinance passed pursuant to a purpose which has been authorized by a majority vote of the property taxpaying voters of the City of Humble at an election held for that purpose shall not be subject to referendum.
(Ordinance 22-934 adopted 5/26/22)
No bonds issued under this Charter shall be sold without first offering the same at public sale. Notice of such sale shall be given by publication at least once in a financial journal published in the State of Texas, such publication to be made not less than ten days prior to the date set for such sale.
(Ordinance 22-934 adopted 5/26/22)