§ 43.7.1. DECLARATION OF POLICY.

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It is hereby declared to be the policy of the City to permit interest payable on indebtedness of the City or of any of its Commissions, Departments or Agencies to be payable at such time or times as may facilitate the sale of the indebtedness pursuant to the procedure set forth in this Article as well as by any other method permitted by law. This Article is enacted pursuant to the powers reserved to the City under Sections 3, 5 and 7 of Article XI of the Constitution of the State of California and Section 1.101 of the Charter.
(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)

                    
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