§ 106.431. Maximum indebtedness required in all City contracts.

Latest version.

All contracts for the procurement of goods and services of any kind by the City shall contain a provision clearly specifying a fixed, maximum monetary indebtedness of the City thereunder. Such contracts may, however, provide for a lesser variable indebtedness of the City upon a reasonable basis, subject to such fixed, maximum monetary indebtedness.

(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1)

Note— Former § 126.431.

                    
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