§ 43.1.19. BONDS NOT DEBT OF CITY.

Every issue of bonds shall be a limited obligation of the City and County payable from all or any specified part of the revenues and the moneys and assets authorized in this Article to be pledged or assigned to secure payment of bonds. Such revenues, moneys or assets shall be the sole source of repayment of such issue of bonds. Bonds issued under the provisions of this Article shall not be deemed to constitute a debt or liability of the City and County or a pledge of the faith and credit of the City and County but shall be payable solely from specified revenues, moneys, and assets. The issuance of bonds shall not directly, indirectly, or contingently obligate the City and County to levy or pledge any form of taxation or to make any appropriation for their payment.

All bonds shall contain on the face thereof a statement to the following effect: Neither the faith and credit nor the taxing power of the City and County is pledged to the payment of the principal of or premium or interest on this bond.

(Added by Ord. 12-00, File No. 992117, App. 2/11/2000)