The City shall have the right and power to borrow money for
public purposes by whatever method it may deem to be in the public
interest and as allowed by law. The City shall have the right and
power to issue tax bonds, revenue bonds, and any other evidences of
indebtedness for permanent public improvements or for any other public
purpose not prohibited by law or this Charter and to issue refunding
bonds to refund outstanding evidences of indebtedness previously issued.
All such bonds or other evidences of indebtedness shall be issued
in conformity with the laws of the State applicable at the time of
issuance of such obligations.
(Ordinance 2021-05-00934, prop.
O, adopted 5/6/21)
Bonds and warrants of the City shall be issued as provided by
the General Laws of Texas applicable to cities and towns.
(Ordinance 2021-05-00934, prop.
Q, adopted 5/6/21)
