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<br /> <br />Section 3 <br />. Procedure. No series of bonds authorized by this ordinance may be sold and no purchase <br />agreement for any series of bonds authorized by this ordinance may be executed until the period of referral <br />of this non-emergency ordinance has expired. If this ordinance is referred, the City may not sell the <br />revenue bonds unless the voters approve the revenue bonds. <br />Section 4. <br /> Additional Authorization Required. <br />Before any revenue bonds authorized by this <br />ordinance are issued, the City Council shall authorize the issuance by a separate, subsequent resolution. <br /> <br />Passed by the City Council this Approved by the Mayor this <br />__ day of _____, 2007 __ day of _____, 2007 <br /> <br /> <br />City Recorder Mayor <br /> <br />Ordinance No. ____ <br /> <br />Page 2 of 2 <br /> <br />