§ 2-1-17. Ordinances or resolutions appropriating money, imposing taxes or authorizing borrowing.

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No ordinance or resolution appropriating money exceeding the sum of $1,000, imposing taxes or authorizing the borrowing of money shall be passed by the city council on the same day on which it is introduced, nor shall any such ordinance or resolution be valid unless at least three (3) days intervene between its introduction and its passage. No ordinance or resolution appropriating money exceeding the sum of $500, imposing taxes or authorizing the borrowing of money shall be passed except by a recorded affirmative vote of a majority of all members elected to council. (Code 1963, Sec. 2-18)

                    
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