Arizona § 28-8533 Bond validity

Arizona Statutes

§ 28-8533 — Bond validity

Arizona § 28-8533

Title 28Arizona Revised Statutes

Ch. 25AVIATION

Art. 8Joint Powers Airport Authority

This text of Arizona § 28-8533 (Bond validity) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 28-8533 (2026).

Text

A.A bond that is issued pursuant to this article and that bears the signature of officers in office on the date the bond is signed is a valid and binding obligation, notwithstanding that before delivery of the bond, any of the persons whose signatures appear on the bond have ceased to be officers of the joint powers airport authority.

B.A member of the board of directors of the airport authority or officer or employee of the airport authority is not personally liable on the bonds.

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A. A bond that is issued pursuant to this article and that bears the signature of officers in office on the date the bond is signed is a valid and binding obligation, notwithstanding that before delivery of the bond, any of the persons whose signatures appear on the bond have ceased to be officers of the joint powers airport authority.

B. A member of the board of directors of the airport authority or officer or employee of the airport authority is not personally liable on the bonds.