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SECURITY: Said bonds are issued pursuant to <br /> <br />the Revenue Bond Law of 1941 (Government Code 54300 <br />et seq.) and the Charter of the City of Santa Aha. Said <br />bonds are equally sectored by a pledge, charge and lien <br />upon the gross revenues of the entire water system of the <br />City of Santa Aha, together with all additions and improve- <br />ments to said system hereafter made. The principal of and <br />interest on the bonds and any premiums upon the redemption <br />of any thereof are not a debt of the City of Santa Aha nor <br />a legal or equitable pledge, charge~ llen or encumbrance <br />upon any of its property or upon any of its income, receipts <br />or revenues~ except the gross revenues of said water <br />system which are under the terms of the resolution of <br />issuance and said Revenue Bond Law of 1941, pledged to <br />the payment of said bonds and interest. The general <br />fund of the City of Santa Aha is not liable for the pay- <br />ment of the bonds or their interest, nor is the credit <br />or the taxing power of the city pledged. The holder of <br />the bonds or coupons shall not compel the exercise of the <br />taxing power bM the City of Santa Aha or the forfeiture <br />of any of its property. <br /> <br />0 <br /> <br /> <br />