Any bonds issued by a district have the same force, value, and use as bonds issued by a city and are exempt from all taxation within the State.
Cal. Water Code § 71959
Issuance and Terms
Known as the Municipal Water District Law
The act spans §§ 71000–73001 (528 sections).
Added by Stats. 1963, Ch. 156.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.