§ 11.1. Municipal borrowing power.

Latest version.

Subject to the applicable provisions of law, the Council may by ordinance or resolution borrow money for any purpose within the scope of powers vested in the City and permitted by law, and may issue bonds or other evidences of indebtedness.

State law reference

Authority to borrow money on the credit of the city and issue bonds therefor, MCL 117.4a, MSA 5.2074.

                    
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