Laserfiche WebLink
(6) Reasonable interest rates should be charged for use of the money and the credit worthiness of the <br />borrower shall be assured. The current rate for general obligation bonds shall be used as an indicator of <br />the minimum appropriate interest rate. <br />(7) An annual status report on the Fund shall be prepared for the City Council. (Ord. No. 527, 2-26-85; <br />Code of 200 1) <br />Sees. 2-173--2-179. Reserved. <br />• <br />17J <br />2-23 <br />