All bonds issued under and pursuant to §§ 36.55 through 36.65 shall be limited obligations of the municipality payable solely out of the revenues and receipts derived from the project with respect to which the bonds are issued. No holder of any bonds issued under these sections has the right to compel any exercise of taxing power of the municipality to pay the bonds, the interest or premium, if any, thereon, and the bonds do not constitute an indebtedness of the municipality or a loan of credit thereof within the meaning of any constitutional or statutory provision. It shall be plainly stated on the face of each bond that it has been issued under the provisions of §§ 36.55 through 36.65 and that it does not constitute an indebtedness of the municipality or a loan of credit thereof within the meaning of any constitutional or statutory provisions.
(Ord. 6067, passed 11-20-73)