Every municipal corporation shall have the power under this
subheading to borrow money for any proper public purpose and to
evidence such borrowing by the issue and sale of its general obligation
bonds in the manner herein prescribed, unless the charter of said
municipal corporation shall provide a different procedure for the
borrowing of money or shall be amended so to provide in the manner set
forth in this subtitle. Charter amendments for such purpose are hereby
authorized. Notwithstanding the provisions of this subheading or of any
such charter, every such municipal corporation shall also have the
authority to exercise all powers conferred upon municipal corporations
by Title 9 of the Environment Article. Every such municipal corporation
shall likewise have authority to borrow money in anticipation of the
receipt of current taxes and to evidence such borrowing by the issuance
and sale of tax anticipation notes, payable as to principal and
interest from said taxes when received, unless the charter of such
municipal corporation shall otherwise provide or unless any such
charter shall be amended pursuant to this subtitle so to provide
otherwise. The procedure for the issuance of tax anticipation notes
shall be as prescribed in § 32 of this article, except that such notes
may be sold by private negotiations. Whenever there shall be any
conflict between the provisions of this subheading and the charter of
any municipal corporation, the provisions of said charter shall
control.
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