§ 32-11-543 — Special obligation limitations

Colorado § 32-11-543

• Jurisdiction: Colorado
• Title 32: Special
• Art.: Urban Drainage and Flood Control Act

Text

None of the covenants,
agreements, representations, and warranties contained in any resolution
authorizing the issuance of bonds or other district securities issued under the
provisions of this article, designated in section 32-11-501 (2), and constituting
special obligations, or in any other instrument pertaining thereto, in the absence of
any breach thereof, shall ever impose or be construed as imposing any liability,
obligation, or charge against the district (except the special funds pledged
therefor) or against the general credit of the district, payable out of the general
fund of the district, or out of any funds derived from taxation.

Legislative History

Source: L. 69: p. 775, � 85. C.R.S. 1963: � 89-21-85.