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Whenever the public interest and necessity so require, the council of the city may, acting under this chapter by resolution or resolutions issue revenue bonds for the following purposes:

A. The obtaining, conserving, treating and supplying of water for domestic use, irrigations, sanitations, industrial use, fire protection, recreation, or any other public or private use;

B. The collection, treatment or disposal of garbage or refuse matter;

C. The collection, treatment or disposal of sewage, waste or storm water, including drainage. The procedure for the issuance of such revenue bonds shall be the procedure set forth in the Revenue Bond Law of 1941 (commencing with Section 54300 of the California Government Code), and by this reference, with the exception hereinafter stated, the provisions of said law are incorporated in this chapter; provided, however, that no election to authorize the issuance of such revenue bonds shall be required or held, and to that end Sections 54380 through 54387 of the Government Code are not incorporated in this chapter and shall not be applicable to the issuance of such revenue bonds.

D. The refunding of bonds or other obligations of the city, so long as: (i) the proceeds of such bonds were applied to the acquisition or construction of projects satisfying the purposes set forth in paragraphs A, B or C above; and (ii) such bonds or obligations were payable from, or were in fact paid from, revenues generated by any of the enterprises specified in paragraphs A, B, or C above.

(Ord. 2112 NCS §2, 2001; Ord. 1843 NCS §1 (part), 1991; Ord. 1026 NCS §2, 1971.)