On all bonds issued by the City pursuant to the authority granted to the City by Montana Code Annotated Section 90-5-102, there shall be paid to the City by the lessee of the project or the borrower of the funds, the sum of $2.50 per $1,000 face value of said bonds. Such sums paid to the City shall be for the purpose of defraying administrative expense of the City in connection with the authorization, sale and issuance of said bonds for the project and shall be considered a cost of the project.
(Ord. 1000 § 1)