California Streets and Highways Code 33102 – The authority shall have power to borrow money to provide funds for …
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The authority shall have power to borrow money to provide funds for any project and to issue in its name revenue bonds to evidence the indebtedness created by such borrowing. The bonds of each issue shall constitute special obligations, and evidence a special indebtedness, of the authority, which shall be a charge upon, and payable, both as principal and interest, and as to any premiums upon the redemption of any thereof, solely from, such revenues and funds as are specified therein and in the proceedings for their issuance, and shall not constitute obligations, nor evidence any indebtedness, of the city, or of the State.
(Amended by Stats. 1951, Ch. 1388.)
Terms Used In California Streets and Highways Code 33102
- bonds: means revenue bonds issued pursuant to this part. See California Streets and Highways Code 33100
- City: includes "city and county" and "incorporated town. See California Streets and Highways Code 15
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.