ARTICLE 3. Payment from Revenue

Article 3 added by Stats. 1943, Ch. 370.

§§ 11720–11723 · 4 sections

• § 11720 Bonds issued under this part shall contain a recital on the face thereof that the payment or redemption of the bonds and the payment of interest thereon is…
• § 11721 Bonds issued under this part shall not constitute or be a debt, liability, or obligation of the State. Payment of both principal and interest of all such bonds…
• § 11722 All bond redemption and interest payments shall constitute a first and direct charge and lien on all revenues received from the operation of the project, on…
• § 11723 The collection of revenues shall be continued until all bonds with interest thereon are fully redeemed and paid.