Copyrighted by MIDLAND CHARTER & Municipal Code Corporation, 1998.

Previous heading / Next heading / Table of Contents

__________

Sec. 13.1. General borrowing.

Subject to the applicable provisions of state law and this charter, the Council, by proper ordinance or resolution, may authorize the borrowing of money for any purpose within the scope of the powers vested in the city and the issuance of bonds of the city or other evidences of indebtedness therefor, and may pledge the full faith, credit, and resources of the city for the payment of the obligation created thereby.

__________

HTML documents authored by Municipal Code Corporation