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The town may borrow money and issue the following securities to evidence such borrowing:

(a) Short-term notes;

(b) Emergency notes;

(c) Anticipation warrants;

(d) General obligation bonds;

(e) Revenue bonds;

(f) Industrial development revenue bonds;

(g) Special assessment bonds;

(h) Refunding bonds;

(i) Lease-purchase or installment-purchase agreements;

(j) Other obligations authorized to cities and towns by Colorado statute.

Each type of obligation shall be issued by council in the name of the town pursuant to an ordinance and may be issued without an election except as otherwise provided in this article XI. The council may in its discretion adopt an ordinance not inconsistent with the provisions of this article XI specifying the terms, conditions and other details upon which any such type of obligation may be issued.