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CHARTER Ch. 11, § 6 <br /> <br /> F. Any ordinance adopted pursuant to this § 5 may be adopted on the same day it is <br />introduced before the council and may take effect on the date of its adoption. The provisions <br />of this subsection shall not apply to any ordinance enacted for the purpose of authorizing the <br />issuance of bonds after a public hearing. <br /> <br /> G. Any ordinance adopted by the council pursuant to this § 5 and any bonds issued <br />pursuant to this chapter may contain such provisions and be in such form as required or <br />permitted by general law, now or hereafter in effect, unless specifically provided or permitted <br />otherwise by this chapter. <br />(Acts 1981, Ch. 201, § 1; Acts 1992, Ch. 31, § 1) <br /> <br />Sec. 6. Debt limitation. <br /> <br /> The City of Martinsville shall not issue bonds or other interest-bearing obligations to an <br />amount, which including existing indebtedness, shall, at any time, exceed such amount as <br /> <br />Supp. No. 28 26.1 <br /> <br /> <br />