Arizona § 28-7505 Liability; bond validity

Arizona Statutes

§ 28-7505 — Liability; bond validity

Arizona·Title 28 Arizona Revised Statutes·Ch. 21 STATE HIGHWAY FINANCING AND BONDING·Art. 1 State Highway Fund Bonds

A.The members of the board or a person executing the bonds is not personally liable for the payment of the bonds.

B.The bonds are valid and binding obligations of the department notwithstanding the fact that before the delivery of the bonds any of the officers whose signatures appear on the bonds cease to be officers of the department.

C.From and after the sale and delivery of the bonds, the bonds are incontestable by the board or department.

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A. The members of the board or a person executing the bonds is not personally liable for the payment of the bonds.

B. The bonds are valid and binding obligations of the department notwithstanding the fact that before the delivery of the bonds any of the officers whose signatures appear on the bonds cease to be officers of the department.

C. From and after the sale and delivery of the bonds, the bonds are incontestable by the board or department.

Arizona § 28-7505 (Liability; bond validity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.