All bonds issued by the district shall be legal investments for savings banks, and shall have the same force and effect and shall be equivalent to bonds issued by any municipality, and shall be exempt from all taxation within this State.
Cal. Sts. & High. Code § 27227
Authority for Issuance and Sale of District Bonds
Known as the Bridge and Highway District Act
The act spans §§ 27000–27567 (174 sections).
Added by Stats. 1943, Ch. 286.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.