Volusia County |
Code of Ordinances |
Chapter 2. ADMINISTRATION |
Article VI. FINANCE |
Division 3. CAPITAL IMPROVEMENT PROJECTS |
§ 2-307. Obligations not general obligation debt of county.
Neither the bonds, nor coupons authorized under this division shall be or constitute general obligations of the county within the meaning of the constitution of the state, but shall be payable solely from county revenues as provided in this division. No holder of any bonds or any coupons appertaining thereto issued by resolution pursuant to this division shall ever have the right to compel the exercise of the ad valorem taxing power of the county or taxation in any form of any real or personal property therein to pay such obligations or the interest thereon or be entitled to payment of such principal and interest from any other funds of the county, except from the county revenues as provided in this division.
(Ord. No. 81-6, § 7, 3-5-81)