§ 2-32-1090 — Financing of sewer system costs - City authority

2-32-1090 Financing of sewer system costs - City authority.

The City of Chicago, acting by its city council, may from time to time, borrow funds to finance the estimated costs and expenses of operating and maintaining the City of Chicago sewer system (the "system") and of constructing extensions, improvements, or both, to the system, and in evidence of such borrowing, to issue its notes, which notes, both principal thereof and interest thereon, will be paid from the net revenues of the system, the proceeds to be received from the sale of bonds or other obligations of the city whether payable from the net revenues of the system or otherwise, taxes levied for such purpose, or from any other moneys legally available for such purpose. The procedures for the issuance of such notes shall be as substantially herein provided in Sections 2-32-1090 through 2-32-1120 of this chapter. (Prior code § 7-99)