§ 2-633. Neither credit nor taxing power pledged.

(a)

Bonds issued under the provisions of this division shall not be deemed to constitute a debt of the county or a pledge of the faith and credit of the county, but such bonds shall be payable from the project revenues, if any, and the gas taxes, or either or any portion thereof, and any other special funds pledged for the payment of such bonds as provided herein. All such bonds shall contain a statement on their face to the effect that the county is not obligated to pay the same or the interest thereon except from the funds provided for in this division, and that the faith and credit of the county are not pledged to the payment of the principal or interest of such bonds.

(b)

The issuance of bonds under the provisions of this division shall not directly or indirectly or contingently obligate the county to levy or to pledge any form of ad valorem taxation upon real property therefor. No holder of any such bonds shall ever have the right to compel any exercise of the ad valorem taxing power on the part of the county to pay any such bonds or the interest thereon or to enforce payment of such bonds or the interest thereon against any property of the county, nor shall such bonds constitute a charge, lien or encumbrance, legal or equitable, upon any property of such county, except such funds pledged for the payment of such bonds.

(Ord. No. 80-51, § 3)