Obligations issued under the provisions of this article shall not be deemed to constitute
a general obligation or pledge of the full faith and credit of the county within the
meaning of the Constitution of the State of Florida, but such obligations shall be
payable only from pledged revenue in the manner provided herein and by the resolution
authorizing the obligations. The issuance of obligations under the provisions of this
article shall not directly or indirectly obligate the county to levy or to pledge
any form of ad valorem taxation whatever therefor. No holder of any such obligations
shall ever have the right to compel any exercise of the ad valorem taxing power on
the part of the county to pay any such obligations or the interest thereon or to enforce
payment of such obligations or the interest thereon against any property of the county,
nor shall such obligations constitute a charge, lien or encumbrance, legal or equitable,
upon any property of the county, except the pledged revenue.
(Ord. No. 2001-30, § 4.06, 6-20-01)
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