Section 33102 Of Chapter 5. Revenue Bonds From California Streets And Highways Code >> Division 18. >> Part 2. >> Chapter 5.
33102
. The authority shall have power to borrow money to provide
funds for any project and to issue in its name revenue bonds to
evidence the indebtedness created by such borrowing. The bonds of
each issue shall constitute special obligations, and evidence a
special indebtedness, of the authority, which shall be a charge upon,
and payable, both as principal and interest, and as to any premiums
upon the redemption of any thereof, solely from, such revenues and
funds as are specified therein and in the proceedings for their
issuance, and shall not constitute obligations, nor evidence any
indebtedness, of the city, or of the State.