Alabama § 11-54A-15 Liability of City

Alabama Statutes

§ 11-54A-15 — Liability of City

Alabama·Title 11 Counties and Municipal Corporations·Ch. 54A Downtown Redevelopment Authorities

The city shall not in any event be liable for the payment of the principal of or interest on any bonds of the authority or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the authority, and none of the bonds of the authority or any of its agreements or obligations shall be construed to constitute an indebtedness of the city within the meaning of any constitutional or statutory provision whatsoever.

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The city shall not in any event be liable for the payment of the principal of or interest on any bonds of the authority or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the authority, and none of the bonds of the authority or any of its agreements or obligations shall be construed to constitute an indebtedness of the city within the meaning of any constitutional or statutory provision whatsoever.

Alabama § 11-54A-15 (Liability of City) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.