the City issue a maximum $3,500,OOO in general obligation bonds, bearing interest
not exceeding the maximum legal rate, maturing within 30 years, payable from ad valorem
taxes levied on all taxable property in the City, without limitation as to rate or amount,
to finance demolition of certain police and fire facilities, acquisition, construction and
equipping of replacement police and fire facilities and capitalized interest on such bonds
as provided in Ordinance No.98-53.