California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 16. HIGHWAY DISTRICTS |
Part 3. BRIDGE AND HIGHWAY DISTRICTS |
Chapter 12. Authority for Issuance and Sale of District Bonds |
Section 27227.
Latest version.
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All bonds issued by the district shall be legal investments for savings banks, and shall have the same force and effect and shall be equivalent to bonds issued by any municipality, and shall be exempt from all taxation within this State.
(Added by Stats. 1943, Ch. 286.)