1,005 chapters · 21,709 sections in this title.
Gov. Code § 54430 Section 54430
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The holder of the bonds or coupons shall not compel the exercise of the taxing power by the local agency or the forfeiture of its property. (Added by Stats. 1949, Ch. 81.)
Gov. Code § 54431 Section 54431
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The principal of and interest on the bonds and any premiums upon the redemption of any thereof are not a debt of the local agency, nor a legal or equitable pledge, charge, lien, or encumbrance, upon any of its property, or upon any of its income, receipts, or revenues except the …
Gov. Code § 54432 Section 54432
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Every bond shall recite in substance that the principal of and interest on the bond are payable solely from the revenues and other funds pledged or otherwise made available to its payment and that the local agency is not obligated to pay it except from the revenues of the enterpr…
Gov. Code § 54435 Section 54435
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The bonds and interest or income from the bonds are exempt from taxation in this State, except from gift, inheritance, and estate taxes. (Added by Stats. 1949, Ch. 81.)