Section 4809.3 Of Article 5.6. Bonds For Improvement Of A Portion Of A District From California Health And Safety Code >> Division 5. >> Part 3. >> Chapter 3. >> Article 5.6.
4809.3
. Bonds issued as bonds of the district for an improvement
district therein and the interest thereon shall be paid by revenue
derived exclusively from an annual tax upon the real property in the
improvement district of such county sanitation district, and all the
real property within the improvement district of such county
sanitation district shall be and remain liable to be taxed for such
payments. The board of supervisors of the county shall annually, at
the time and in the manner of levying other county taxes, levy and
cause to be collected a tax upon the taxable real property in the
improvement district, based upon the last equalized assessment roll
of the county sufficient to pay the interest on the bonds for that
year and such portion of the principal as is to become due before the
time for making the next general tax levy. Said bonds and the
interest thereon shall not be taxable in this State.