As used in this article:
"Bond law"
means the Revenue Bond Law of 1941, being Chapter 6, commencing with Section 54300, of Part 1 of Division 2 of Title 5 of the Government Code of the state.
"Enterprise"
means:
(1) 
Any revenue-producing improvement, building, system, plant, works, facilities or undertaking used for or useful for any of the following purposes:
(a) 
The obtaining, conserving, treating and supplying of water for domestic use, irrigation, sanitation, industrial use, fire protection, recreation, or any other public or private uses.
(b) 
The collection, treatment and disposal of garbage or refuse matter.
(c) 
The collection, treatment or disposal of sewage, waste or stormwater, including drainage.
(d) 
The providing of public parking lots, garages, or other automotive or vehicular parking facilities, including any and all public off-street vehicular parking facilities.
(e) 
The providing of public golf courses, and facilities and improvements in connection therewith.
(2) 
The term "enterprise" includes but is not limited to all parts of the enterprise, all appurtenances to it, and all of the various components of it set forth in Section 54309.1 of the Bond Law.
"Obligations"
means all obligations payable by the City to any bank or other financial institution under any credit enhancement or liquidity arrangements made by the City pursuant to Section 3-12.140.
(Ord. 2597 § 2, 1987; Ord. 2760 § 3, 1989; Ord. 3279 § 2, 1996)
(A) 
Issue Bonds. The Council may provide for the issuance of and authorize, issue, sell and deliver revenue bonds of the City for the purpose of providing funds for the acquisition, construction, improving or financing of an enterprise, including any or all expenses incidental thereto or connected therewith.
(B) 
Acquire Project and Pledge Revenues. The Council may acquire, construct, improve or finance any project to improve any enterprise defined in the resolution or indenture providing for the issuance of bonds pursuant to Section 3-12.030, and may pledge, place a charge upon, and assign all or any part of the gross or net revenues of such enterprise for the security of the bonds.
(C) 
Bond Law. The Council has and may exercise all of the powers set forth in the Bond Law, subject to the restrictions therein set forth, except as in this article otherwise expressly provided.
(Ord. 2597 § 2, 1987)
(A) 
Bond Law. Except as otherwise expressly provided in this chapter, the provisions of the Bond Law shall apply to the exercise of the powers set forth in Section 3-12.050.
(B) 
General Resolution or Master Indenture. The Council may authorize and provide for the issuance of the bonds by a general resolution or master indenture, to take effect upon adoption or delivery, as the case may be. Such resolution or indenture shall state:
(1) 
The purpose or purposes for which the bonds are proposed to be issued;
(2) 
The limits, if any, on total principal amount of the bonds;
(3) 
That the bonds are to be revenue bonds, payable exclusively from the net revenues of the enterprise and from such of the other funds referred to in Section 54478 of the Bond Law as shall be specified in the resolution or indenture;
(4) 
That the bonds are not to be secured by the taxing power of the City; and
(5) 
Such other matters authorized by the Bond Law as are deemed appropriate by the Council.
(C) 
Series Resolution and Supplement to Indenture. The Council may issue, sell and deliver any series of bonds by series resolution or supplement to indenture (which may be the general resolution or master indenture, respectively, referred to in subsection (B) of this section, to take effect upon adoption or delivery as the case may be. Such series resolution or supplement to indenture shall:
(1) 
Define and state the estimated cost of the project or projects for which the series of bonds are proposed to be issued;
(2) 
State the principal amount of such series of bonds;
(3) 
State the maximum rate of interest on such series of bonds, if any, the maximum discount at which such series of bonds may be sold, if any, and the dates on which the interest thereon shall be payable; and
(4) 
State such other matters authorized by the bond law as are deemed appropriate by the Council.
(Ord. 2597 § 2, 1987)