Article 2. Payment Of Bonds, Taxation of California Harbors And Navigation Code >> Division 8. >> Part 2. >> Chapter 2. >> Article 2.

Bonds issued are obligations of the district and the board of supervisors of the county shall, at the time of fixing the general tax levy and in the manner provided for the general tax levy, levy and collect annually until the bonds are paid, or until there is a sufficient sum in the treasury of the county set apart to meet all sums coming due for principal and interest on the bonds, a tax sufficient to pay the annual interest on the bonds and the part of the principal which will become due before the time for fixing the next general tax levy.

The taxes shall:
  (a) Be levied upon all of the property within the district taxable for county purposes.
  (b) Be in addition to all other taxes levied for county purposes.
  (c) Be collected at the same time and in the same manner as other county taxes are collected.
  (d) Be used for no purpose other than payment of the bonds and accruing interest.

The board of supervisors may at the same time and in the same manner levy upon all of the property in the district a tax sufficient to pay the ordinary annual expenses of maintenance of the district and it may also levy a tax sufficient to meet expenditures for any further improvement and development of the harbor which the board deems necessary and advisable.

In no event shall the district levy a tax in excess of twenty cents ($0. 20) for each one hundred dollars ($100) of assessed valuation within the district.