Cal. Gov. Code § 54432

Current through the 2023 Legislative Session.

Section 54432 - Recital as to payment of principal and interest

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 enterprise and from such other funds.

Ca. Gov. Code § 54432

Amended by Stats. 1953, Ch. 526.