The payment of securities shall not be secured by any encumbrance, mortgage, or other pledge of property of the district, other than revenues, proceeds of sales taxes, or any other moneys pledged for the payment of the securities. No property of the district, subject to said exception, shall be liable to be forfeited or taken in payment of the securities.
Source: L. 69: p. 723, § 1. C.R.S. 1963: § 89-20-36. L. 73: p. 994, § 14. L. 2000: Entire section amended, p. 309, § 10, effective April 5.