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resolution, make inter-fund loans, except from trust and agency funds, as it may deem <br />necessary and appropriate. <br />S�ctian 7.10. City indebtedness. <br />Except as provided in sections 7.11 and 7.12, no obligations shall be issued to pay <br />clu-rent expenses, but the council may issue and sell obligations for any other municipai <br />purpose in accordance with law and within the limitations prescribed by law. Except in <br />the case of obligations for which an election is not required by this charter or by taw, no <br />such obligations shall be issued atzd sold without the approval ofthe majority o�f the <br />voters voting on the question at a general or special election. <br />Section 7.11. Anticipation certificates. <br />At any time after January 1 the council may issue certificates of indebtedness in <br />anticipation of state and federal aids and the collection of taxes levied the previous year <br />for any fund and not yet collected. The total amount of certificates issued against any <br />fun.d for any year together with interest thereon until maturity shall not exceed the total of <br />state and federal aids and current taxes due to the fi.uid and uncollected at the time of <br />issuance. Such certificates shall be issued on such terms and conditions as the council <br />may determine, but they shall become due not later than April 1 of ihe year following <br />092000.doc 27 <br />