§ 2-656. Taxing power not pledged.

Bonds issued under the provisions of this division shall not be deemed to constitute a pledge of the faith and credit of the county or the district, but such bonds shall be payable solely from the pledged revenues in the manner provided herein and by the indenture of trust. The issuance of bonds under the provisions of this division shall not directly or indirectly or contingently obligate the county or the district to levy or to pledge any form of ad valorem taxation whatever 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 or the district 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 or the district, nor shall such bonds constitute a charge, lien or encumbrance, legal or equitable, upon any property of the county or the district, except the pledged revenues.

(Ord. No. 86-36, § 6)