§ 7.01. Bonds authorized by metropolitan council; purposes of issue.

The council may cause the bonds and other obligations of the metropolitan government to be issued in the following manner and subject to the following restrictions:

The council may in the name and for the use of the metropolitan government issue bonds or other obligations in the manner and to the extent hereinafter provided in this article. Such bonds or other obligations may be issued for the purpose of financing the whole or any part of the cost of any public improvement or property the metropolitan government is authorized by this Charter or any other law to acquire, construct, reconstruct, extend or improve. Two or more improvements or properties may be combined as a single improvement or property for the purpose of the issuance of bonds.