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of the electors voting on the proposition et any election et which the <br />question of such increased levy for municipal purposes is submitted to <br />the electors. The number of years in which such increased levy is to bo <br />made shall be specified in such proposition. <br /> <br /> There shall be Fevied and collected, as additional taxes, at the time <br />and in the same manner es other property taxes for municipal purposes <br />are levied and collected: <br /> <br /> la) A tax sufficient to meet ell liabJlJt]ec of the City for principal <br />and interest of all bonds or judflments due end unpaid, or to become <br />due during the ensuing fiscal year, if no other provision for the pay- <br />ment thereof.is made; <br /> <br /> lb) A tax sufficient to meet all obligations of the City to the State <br />Employees' Retirement System, or other system for tho retirement of City <br />employees, due and unpaid or to become due during the ensuing fiscal <br />year, if no other provision for the payment thereof is made. <br /> <br /> Special levies, in addition to the above but not to exceed a total of <br />Thirty Cents (30c) on each One Hundred Dollars ($100.00)of the <br />assessed value of taxable property in the City, may be made annually <br />by the City Council, based on budget requirements approved by the <br />City Council for the following specific purposes: libraries and racrea- <br />tion end parks. Additional special levies for purposes of library and <br />park and recreation activities over and above the Thirty Cents (3Qc) <br />limitation contained Jn this paragraph may bo authorized by the affirma- <br />tive votes of two-thirds of the electors voting on the proposition at any <br />election at which tho q~Jestion of such increased special levy is submitted <br />to the electors. Tho number of years in which such increased levy Js to <br />be made shall be specified in such proposition. The proceeds of any <br />such special levy shall be used for no other purpose thin thQse specified <br />in the proposition submitted to the electors. <br /> <br /> Section 602. gONDED DEBT LIMITS. The City shall not incur an <br />indebtedness evidenced by general obligation bonds which shall in the <br />eggregate exceed ten percent of the total assessed valuation, for put. <br />poses of City taxation, of sll the real and personal property within the <br />City. <br /> <br /> No bonded indebtedness which shall constitute · general oblige. <br />Sion of the City mey be created unless authorized by the affirmative <br />votes of two-thirds of tho electors voting on such proposition st any <br />election at which the question is submitted to the electors and unless In <br />full compliance with the provisions of the Constitution of the State of <br />California and this Chsrter. <br /> <br /> Bonds, which are paysble solely end exclusively out of the rev- <br />enues of the revenue-producing ut/lit/es owned, controlled, or operated <br />by the City, may be issued when the City Council, by ordinance, shall <br />have authorized a proposition therefor, only with the assent of the <br />majority of the voters, voting upon such proposition, al an e~ection at <br />which such proposition shall have been duly submitted to the qualified <br />electors of the City. Such revenue bonds shaft be excluded from the <br /> <br /> --16-- <br /> <br /> <br />