Arizona § 48-5166 Liability; bond validity

Arizona Statutes

§ 48-5166 — Liability; bond validity

Arizona § 48-5166

Title 48Arizona Revised Statutes

Ch. 29REGIONAL PUBLIC TRANSPORTATION AUTHORITY

Art. 4Financing

This text of Arizona § 48-5166 (Liability; 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. § 48-5166 (2026).

Text

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 authority 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 authority.

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

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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 authority 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 authority.

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