§ 10-5. Refunding Securities.

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The Council may, by ordinance and without any election issue refunding bonds or other like securities for the purpose of refunding and providing for the payment of any outstanding bonds or other like securities of the Town as the same mature, or in advance of maturity by means of an escrow or otherwise. Such refunding securities may be issued in such amounts as the Council deems necessary to accomplish the purpose of the refunding.

                    
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