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  • Sec. 1504.105. OBLIGATIONS NOT PAYABLE FROM TAXES. (a) An obligation issued under this subchapter:(1) is not a debt of the municipality;(2) may be a charge only on the revenue pledged for the payment of the obligation; and(3) may not be included in determining the power of the municipality to issue bonds for any purpose authorized by law.(b) Each contract, bond, note, or other evidence of
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