Bonds issued under the provisions of this article shall not be deemed to constitute
a pledge of the full faith and credit of the county or any special assessment district,
but such bonds shall be payable only in the manner provided herein and by the resolution
authorizing the bonds, from pledged revenues and such other funds, if any, that the
council may covenant to budget and appropriate pursuant to section 110-151 hereof. The issuance of bonds under the provisions of this article shall not directly
or indirectly obligate the county or any special assessment district to levy or to
pledge any form of ad valorem taxation whatever therefor. No holder of any such bonds
shall ever have the right to compel any exercise of the ad valorem taxing power on
the part of the county or any special assessment district to pay any such bonds or
the interest thereon or to enforce payment of such bonds or the interest thereon against
any property of the county or any special assessment district, nor shall such bonds
constitute a charge, lien or encumbrance, legal or equitable, upon any property of
the county or any special assessment district, except the pledged revenues.
