Taxing power not pledged

Obligations issued under the provisions of this article shall not be deemed to constitute a pledge of the faith and credit of the city, but such obligations shall be payable only from pledged revenue and, if applicable, proceeds of the stormwater assessments, in the manner provided herein and by the ordinance or resolution authorizing the obligations. The issuance of obligations under the provisions of this article shall not directly or indirectly obligate the city 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 city 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 city, nor shall such obligations constitute a charge, lien or encumbrance, legal or equitable, upon any property of the city, except the pledged revenue.

(Ord. No. 2003-200, § 7, 8-7-03)

ARTICLE V. - REGULATION OF THE USE AND SALE OF FERTILIZERS CONTAINING NITROGEN AND/OR PHOSPHORUS[3]

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Note— It is the intent that Ordinance 2011-74 adopted June 23, 2011, remains valid and enforceable with the adoption of the amendments proposed herein in compliance with F.S. §§ 570.07(41)(b) and 576.181(5)(b). In the event that a court of competent jurisdiction determines that the amendments contained herein in any way render Ordinance 2011-74 unenforceable, it is the city's intent that these amendments be stricken so that Ordinance 2011-74 remains in effect and enforceable.