In connection with all special improvement district bonds or warrants hereafter sold by the city, the city council shall annually enact such resolution or resolutions as shall be necessary to advance, loan, or transfer from the special improvement district revolving fund to the district funds such amounts as shall be sufficient to make good the deficiencies in such district funds, as provided by subsection A of Section 3.04.030. All proceedings hereafter taken for the sale of special improvement district bonds or warrants shall include an undertaking and agreement by the city to provide for such annual advancement, loan, or transfer, but failure to include such undertaking and agreement shall in no manner relieve the city of the obligation imposed upon it by this section. (Ord. 187 § 4, 1953)