California Water Code 56087 – Bonds and the interest thereon shall be paid by revenue derived from …
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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.
(Added by Stats. 1955, Ch. 1232.)
Terms Used In California Water Code 56087
- District: as used in this part means any county drainage district formed pursuant to this part or pursuant to any law which it supersedes. See California Water Code 56001
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18