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Relating to authorizing the governing body of any city which is operating under a home rule charter, and which city on the effective date of this Act owns and is operating a public parking lot or lots, to issue negotiable revenue bonds for the purpose of constructing, building, and erecting buildings and other permanent improvements on said public parking lot or lots for the public parking or storage of motor vehicles, such bonds to be secured solely by a pledge of net revenues derived from the operation of said parking lot or lots and the buildings and other permanent improvements thereon; containing a severability provision.