§ 2-74. Indebtedness, etc.

Latest version.

Any and all bonds, notes or other similar obligations issued by the issuer shall contain a provision, condition or recital substantially to the effect that they shall never be deemed to be or create an indebtedness or liability or a special, general or moral obligation payable out of any funds of the unit and that they shall be payable solely out of funds and properties of the issuer pledged thereto.

(Ord. No. 4938, § 5, 5-8-86)

                    
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