ARTICLE 2. Payment Solely from Revenue

Article 2 added by Stats. 1943, Ch. 372.

§§ 25240–25245 · 5 sections

• § 25240 As used in this article and Article 3 of this chapter “revenue” means all or any part of any source or sources of payment excluding assessments but including…
• § 25242 If any or all of the principal of any bonds is made payable only from revenue, the board shall cause a brief statement of the limitations upon the payment of…
• § 25243 If the limitations affect the payment of the interest of the bonds or any part thereof, a brief statement of the limitations shall be set forth in the interest…
• § 25244 If the limitations affect the payment of only a portion of the interest which will accrue on any bonds, the board may provide either that: (a) The entire…
• § 25245 If any board provides that the principal, interest, or both of any bonds or any portion of the principal, interest, or both shall be payable solely from…