Wyoming § 36-8-233 Bonds and expenses not to be indebtedness of
state or political subdivisions

Wyoming Statutes

§ 36-8-233 — Bonds and expenses not to be indebtedness of state or political subdivisions

Wyoming·Title 36 Public Land·Ch. 8 STATE PARKS AND RESERVES·Art. 2 WYOMING YELLOWSTONE PARK COMMISSION

(a)The bonds issued under the provisions of this act shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such political subdivision, but such bonds shall be payable solely from the funds pledged for their payment as authorized herein, unless such bonds are redeemed from the proceeds of the sale of refunding bonds or cancelled by refunding bonds issued in lieu thereof, issued under the provisions of this act, which refunding bonds shall be payable solely from funds pledged for their payment as authorized herein. All such revenue bonds shall contain on the face thereof a statement to the effect that neither the state nor the commission shall be obligated to pay the same or the interest there

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(a) The bonds issued under the provisions of this act
shall not be deemed to constitute a debt of the state or of any
political subdivision thereof or a pledge of the faith and
credit of the state or of any such political subdivision, but
such bonds shall be payable solely from the funds pledged for
their payment as authorized herein, unless such bonds are
redeemed from the proceeds of the sale of refunding bonds or
cancelled by refunding bonds issued in lieu thereof, issued
under the provisions of this act, which refunding bonds shall be
payable solely from funds pledged for their payment as
authorized herein. All such revenue bonds shall contain on the
face thereof a statement to the effect that neither the state
nor the commission shall be obligated to pay the same or the
interest thereon except from the revenues and funds of the
commission, and that neither the faith and credit nor the taxing
power of the state or any political subdivision thereof is
pledged or may be pledged, to the payment of the principal of or
interest on such bonds.
(b) All expenses incurred in carrying out the provisions
of this act shall be payable solely from funds provided under
the authority of this act, and nothing in this act contained
shall be construed to authorize the commission to incur
indebtedness or liability on behalf of or payable by the state
or any political subdivision thereof.

Wyoming § 36-8-233 (Bonds and expenses not to be indebtedness of state or political subdivisions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.