Section 70.261
The bonds referred to in this division, which are the bonds authorized to be issued by Ordinance No. 48, shall be sold and the proceeds applied in accordance with the provisions of Public Act No. 94 of 1933 (MCL 141.101 et seq., MSA 5.2731 et seq.), as amended. (Comp. Ords. 1987, § 25.065)