All Bonds issued under the authority of this article shall be special obligations of the City, payable solely from the Assessments and any other assets pledged to secure the payment thereof under the authority of this article. The Bonds shall not constitute a debt of the City within the meaning of any constitutional or statutory debt limit or restriction, and shall not constitute obligations for which the City is obligated to levy or pledge any form of taxation or for which the City shall levy or pledge any form of taxation. Neither the faith and credit nor the taxing power of the City shall be pledged to the payment of the Bonds.
SECTION HISTORY
Added by Ord. No. 172,856, Eff. 11-8-99.