§ 4.50.130. Repayment of bonds.  


Latest version.
  • The principal and any premium of, and interest on, the bonds shall be payable from revenues and other funds pledged therefor under the issuing instrument, s described in the issuing instrument. The issuance of bonds shall not directly, indirectly or contingently obligate the Council to levy or pledge any form of taxation.

(Ord. 12624 § 1 (part), 2004)