Revenue Anticipation Borrowing (2026) Bylaw No. 10738

Council shall be and is hereby empowered and authorized to borrow upon the credit of the City, from a financial institution, a sum not exceeding $21,500,000 at such times as may be required. 2. The form of obligation to be given as acknowledgement of the liability shall be $15,000,000 in the form of standby letters of credit, demand promissory notes or bank overdraft, $4,500,000 in the form ofleasing lines of credit, and $2,000,000 in the form of commercial credit card facility.

非商业公共资料研究与事实报道；仅展示核对事实所需的已评估摘录及本站中文说明。版权归原作者或发布机构；不表示来源机构认可本站。原文、来源及使用条款见链接。 来源使用条款 ↗