§ 2-58. Debts, etc., of authority not to obligate city.

Latest version.

No bonds, notes or other obligations issued by the authority shall ever be or constitute a note, bond or other obligation of the city, and none of the same shall ever be payable from or secured by any funds or properties of the city and shall never be deemed to be or create an indebtedness or liability, or a special, general or moral obligation of the city, and any and all bonds, notes or other obligations issued by the authority shall contain a provision, condition or recital to that effect.

(Ord. No. 4354, § 9, 3-1-84)

                    
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