§ 4. General rights and prohibitions. 1. Neither the city nor any
covered organization shall borrow or expend any moneys, or in any way,
directly or indirectly, expressly or implicitly engage its credit during
the emergency period except in compliance with the provisions of this
act and the special fiscal act.

2. Nothing contained in this act shall limit the right of the city or
any covered organization to comply with the provisions of any existing
contract with or for the benefit of the holders of any bonds or notes of
the city or such covered organization or with the provisions of the
special fiscal act.

3. Nothing contained in this act shall be construed to impair the
right of employees to organize or to bargain collectively.