Whenever the public interest or necessity requires, any city may incur a bonded indebtedness to acquire bonds:
(a) Issued by the city.
(b) Issued by or for any district in the city.
(c) Issued for street work or other public improvements in the city under any law providing for the performance of street work or other public improvements or the issuance of bonds to represent or be secured by assessments levied for such work or improvements, including bonds issued under the Improvement Bond Act of 1915 and the Acquisition and Improvement Act of 1925.
(Added by Stats. 1949, Ch. 79.)