Rhode Island § 45-27-2 § 45-27-2. Liability on bonds — Statutory limitations inapplicable.

Rhode Island Statutes

§ 45-27-2 — § 45-27-2. Liability on bonds — Statutory limitations inapplicable.

Rhode Island·Title 45 Towns and cities·Ch. 45-27 Housing Authority Bonds and Obligations

§ 45-27-2. Liability on bonds — Statutory limitations inapplicable.
Neither the commissioners of the authority nor any person executing the bonds is personally
            liable on the bonds by reason of their issuance. The bonds and other obligations of
            the authority (and the bonds and obligations shall so state on their face) are not
            a debt of the city, the county, the state, or any political subdivision thereof, and
            neither the city or the county, nor the state or any political subdivision thereof,
            are liable thereon, nor in any event are the bonds or obligations payable out of any
            funds or properties other than those of the authority. The bonds do not cons

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§ 45-27-2. Liability on bonds — Statutory limitations inapplicable.

Neither the commissioners of the authority nor any person executing the bonds is personally liable on the bonds by reason of their issuance. The bonds and other obligations of the authority (and the bonds and obligations shall so state on their face) are not a debt of the city, the county, the state, or any political subdivision thereof, and neither the city or the county, nor the state or any political subdivision thereof, are liable thereon, nor in any event are the bonds or obligations payable out of any funds or properties other than those of the authority. The bonds do not constitute an indebtedness within the meaning of any constitutional, statutory, or charter debt limitation or restriction. Bonds may be issued under this chapter notwithstanding any debt or other limitation prescribed by any statute.

Rhode Island § 45-27-2 (§ 45-27-2. Liability on bonds — Statutory limitations inapplicable.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.