§ 17-164. Covenants to holders.

The board of county commissioners does hereby covenant with the holders of such bonds that it will not enact any ordinance which will repeal, impair or amend in any manner the rights of such holders or the security of the funds which may be pledged to the payment of the principal of and the interest on the bonds issued pursuant to the provisions of this division. Also, the board of county commissioners may further covenant with the holders as it deems appropriate, including covenants to cause the county's revenue from its portion of the local government half-cent sales tax to be placed directly in a lawful county depository.

(Code 1965, § 1-54.28; Ord. No. 83-10, § 8, 4-5-83)