Arizona Statutes

§ 5-1170 — Payment of bonds

Arizona·Title 5 Arizona Revised Statutes·Ch. 9 SPORTS AUTHORITY DISTRICT·Art. 3 Revenue Bonds

(Conditionally Rpld.)

A.The bonds shall be paid solely from monies in the debt service account.

B.The members of the authority board and any persons who execute the bonds are not personally liable for the payment of the bonds.

C.The authority's fiscal agent shall cancel all bonds when paid.

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