The Bonds shall be special, limited obligations of the City payable from the revenues of the Wastewater System and amounts on deposit in the SCM Fund (and any other fund or account specified in the Supplemental Resolution or the Financing Agreement). The City is not obligated to make payment on the Bonds from any other sources. The Bonds shall not be payable from the general fund of the City and shall not constitute a general obligation of the City, and neither the full faith and credit nor the taxing power of the City shall be pledged to the payment of any amounts due on the Bonds. Nothing in this Article, however, shall preclude the City from voluntarily advancing any other lawfully available moneys to the payment of principal, premium or interest on the Bonds.
SECTION HISTORY
Added by Ord. No. 182,531, Eff. 6-10-13.