Any general obligation bonds issued by a district shall have the same force, value and use as bonds issued by any city and shall be exempt from all taxation within the State of California.
Cal. Harb. & Nav. Code § 7227
General Obligation Bonds
Known as the Small Craft Harbor District Law
The act spans §§ 7000–7340 (136 sections).
Added by Stats. 1959, Ch. 1598.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.