§ 7.03. Costs includable; bonds for furnishings and equipment.
Latest version.
In any issue of bonds hereunder, there may be included as part of the cost to be financed
from the proceeds of such bonds all engineering, technical and legal fees or expenses,
interest upon such bonds during the period of acquisition or construction and for
a reasonable period thereafter, fees of fiscal or financial agents or consultants,
if any, the acquisition of necessary equipment and furnishings, working funds and
reserve funds, and such other items or expenses as are necessary and incidental to
the completion and financing of the improvement or property and the placing of the
same in operation or use. Tax bonds not to exceed the aggregate principal amount of
three hundred thousand ($300,000) dollars outstanding at any one time may be issued
for the purpose of acquiring furnishings and equipment for metropolitan government
purposes, and such authority to issue such bonds shall be in addition to and not in
limitation of the other provisions of this Charter, and the issuance of such bonds
shall not be subject to approval of the voters at any referendum.
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