Code Section

Streets and Highways Code - SHC

DIVISION 16. HIGHWAY DISTRICTS [25000 - 27566]

  ( Division 16 added by Stats. 1943, Ch. 284. )
  

PART 3. BRIDGE AND HIGHWAY DISTRICTS [27000 - 27566]

  ( Part 3 added by Stats. 1943, Ch. 286. )
  

CHAPTER 12. Authority for Issuance and Sale of District Bonds [27220 - 27229]
  ( Chapter 12 added by Stats. 1943, Ch. 286. )

  
27227.  

All bonds issued by the district shall be legal investments for savings banks, and shall have the same force and effect and shall be equivalent to bonds issued by any municipality, and shall be exempt from all taxation within this State.

(Added by Stats. 1943, Ch. 286.)