A resolution of issuance may include a covenant that the department will duly pay and discharge, or cause to be paid and discharged, any taxes, assessments or other governmental charges lawfully imposed upon any properties owned by or under the jurisdiction of the department, or upon the revenues, as well as any lawful claim for labor, materials or supplies which, if unpaid, might become a lien or charge upon the revenues, or which might impair the security of the debentures.
Cal. Mil. & Vet. Code § 1002.22
Provisions of Resolutions of Issuance and Supplemental Resolutions
Known as the Veterans’ Revenue Debenture Act
The act spans §§ 1000–1006 (79 sections).
Added by Stats. 1970, Ch. 1488.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.