The Council may provide for the issuance of bonds any portion of which is to be used
for the purpose of refunding outstanding bonds, including the payment of the principal
thereof and interest and redemption premiums, if any, thereon. The proceeds of bonds
issued to refund any outstanding bonds may, in the discretion of the Council, be applied
to the retirement of such outstanding bonds at maturity, or the redemption (on any
redemption date) or purchase of such outstanding bonds prior to maturity, upon such
terms and subject to such conditions as the Council shall deem advisable.
(Ord. 12624 § 1 (part), 2004)
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