Arizona § 28-7565 Liability; bond validity

Arizona Statutes

§ 28-7565 — Liability; bond validity

Arizona·Title 28 Arizona Revised Statutes·Ch. 21 STATE HIGHWAY FINANCING AND BONDING·Art. 2 Regional Area Road Fund Bonds

A.The members of the board or a person executing the bonds authorized by this article are not personally liable for the payment of the bonds.

B.The bonds are valid and binding obligations of the board 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 board.

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

Free access — add to your briefcase to read the full text and ask questions with AI

A. The members of the board or a person executing the bonds authorized by this article are not personally liable for the payment of the bonds.

B. The bonds are valid and binding obligations of the board 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 board.

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

Arizona § 28-7565 (Liability; bond validity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.