Bonds and the interest thereon shall be paid by revenue derived from an annual tax upon the real property in the district, and all the real property in the district shall be and remain liable to be taxed for such payments. Said bonds and the interest thereon shall not be taxable in this State.
Cal. Water Code § 56087
Bonds
Known as the County Drainage District Act
The act spans §§ 56000–56130 (70 sections).
Added by Stats. 1955, Ch. 1232.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.