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Bonds—Pledge of revenues.

Riverside Municipal Code § 2.51.140
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2.51.140 - Bonds—Pledge of revenues. Any pledge of revenues or other moneys or assets pursuant to the provisions of this chapter shall be valid and binding from the time such pledge is made. Revenues, moneys and assets so pledged and thereafter received by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any indenture or other instrument by which a pledge is created need be filed or recorded, however, copies of such resolution, indenture or other instrument shall be retained by the authority. (Ord. 4976 § 3(g), 1981)
Source: City of Riverside, California, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT2ADPE_CH2.51ECDEAU_2.51.140BOLEREFetched: 11/1/2026

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