Sec. 1. - Authority of council.#

The council may from time to time borrow money, in anticipation of the collection of the revenues for the then current year, and to issue from time to time, certificates, bonds, notes or other obligations therefor, provided, that the certificates, bonds, notes or other obligations mature within one year from the date of their issue, and the total issue of said certificates, bonds, notes or other obligations does not exceed the estimated revenue for such year.