Oakland |
Code of Ordinances |
Title 4. REVENUE AND FINANCE |
Chapter 4.50. SEWER REVENUE BOND LAW |
Article II. Issuance of Bonds |
§ 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)