This chapter shall be known as the "Petaluma Bond Law," and is enacted by the council of the city under and pursuant to the powers granted and reserved to the city under Sections 3 and 5 of Article XI of the Constitution of the State of California and Section 81 of the Charter of the city, and is enacted for the purpose of establishing a procedure for the issuance and sale of revenue and improvement bonds of the city for certain purposes. This chapter shall constitute a special procedure for the carrying out and enforcement of the rights and powers belonging to the city and such procedure shall control and be followed in the issuance and sale of revenue and improvement bonds as in this chapter so provided. The procedures of this chapter are alternative to the procedures of general state law. When issued under the authority of this chapter, the bonds shall so recite. (Ord. 1843 NCS §1 (part), 1991; Ord. 1026 NCS §1, 1971.)