§ 2.31. Acquisition of public utility.  

Latest version.
  • To acquire any public utility using and occupying its streets, alleys, and avenues, to obtain funds for the purpose of acquiring the public utility by issuing bonds, notes, or other evidence of indebtedness and securing the indebtedness by fixing a lien only upon the properties constituting the public utility so acquired, and to adopt further regulations for the proper financing of the acquisition.

( Ord. No. O-7-18, 2-12-2018, as approved by voters as shown on Ord. No. O-19-18, 5-14-2018 )