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ATTY/CHARTER AMENDMENTS/2018/2018 FINAL CHARTER AMENDMENTS REV: 07-18-18 VR Page 29 of 45 duties and obligations pertaining to any of the matters included in Sections 47 to 50a, shall, however, continue in force until the same may be duly amended, repealed or abolished. (Sections 47 to 50a added in 1937. See note preceding Section 47.) Section 50b. REVENUE BONDS: 1. The provisions of this section shall supersede and control all other provisions of this cCharter in conflict herewith. 2. The term "enterprise" as used in this section means any or all facilities and improvements, including any or all improvements to any thereof, referred to or described in paragraph 2 or 3 of Section 47f of this cCharter and under the jurisdiction of the Board. 3. Notwithstanding any provision of this cCharter to the contrary, and without complying with Section 48e, the Board shall have power to acquire, construct, improve and finance any enterprise in the Port Area. For the payment of the cost of any enterprise or any part thereof (including all incidental expenses, interest during construction, reserve funds and other funds necessary for the better securing of the bonds hereinafter referred to) the Board may, by resolution adopted by the affirmative votes of four-fifths (4/5ths) of all its members and approved by the affirmative votes of a majority of the members of the cCouncil and without compliance with Section 65 of the Charter by the Board or the cCouncil, issue revenue bonds in the name of the Board payable exclusively from any or all revenues of such enterprise. 4. Such revenue bonds shall be issued by the Board pursuant to the provisions of the Revenue Bond Law of 1941 (California Government Code Sections 54300 and following) as the same may, from time to time, be amended (and all of the provisions of said Law, as amended, are incorporated in this section by reference and made a part hereof); excepting, however, that no election shall be required for the issuance of any revenue bonds by the Board; that the terms "local agency" and "legislative body" as used in said Law shall mean the Board; and that the term "enterprise" as used in said Law shall have the meaning set forth in paragraph 2 of this section. 5. If any revenue bonds shall be issued under this section, then Section 48b and the first two paragraphs and the first sentence of the third paragraph of Section 48c of this Charter shall be inapplicable so long as any such revenue bonds shall remain outstanding and unpaid. The general fund of the cCity shall not be liable, and the credit or taxing power of the cCity shall not be pledged, for the payment of any such revenue bonds or their interest and such bonds shall not be secured by a legal or equitable pledge of, or charge, lien or encumbrance upon, any of the property of the City or the Board or any income or receipts of the City or the Board excepting only revenues of the enterprise.