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A. Pursuant to its charter authority, including but not limited to Sections 51, 115 and 118, the City Council is hereby authorized to provide for the issuance of general obligation bonds in accordance with the Constitution of the State of California.

B. In particular, bonds may be issued and sold and refunded pursuant to the provisions of Chapter 4 of Division 4 of Title 4 of the Government Code, commencing with Section 43600, subject to the modifications set forth in this chapter. (Ord. 7115-NS § 1 (part), 2009)