Sec. 104.203. - Authorization of bonds.

Revenue bonds may be issued when authorized by the Council. Ad valorem bonds may be issued when authorized by the Council and approved at an election as required by the State Constitution. In authorizing ad valorem bonds, the Council shall determine whether the bonds are to be the obligations of the entire General Services District or only the First Urban Services District, or of some lesser taxing district created by the Council for the issuance of such bonds. Ad valorem bonds shall be obligations of the entire General Services District unless the Council determines that the moneys received from the issuance of the ad valorem bonds will be used primarily for the benefit of the First Urban Services District or other taxing district which is to be obligated for the payment of the bonds and the interest thereon. (Laws of Fla., Ch. 67-1535; Ord. 83-591-400, § 1) Note— Former § 16.03 of the Charter.