Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 48. Special Taxing Districts |
Chapter 36. THEME PARK DISTRICTS |
Article 4. Revenue Bonds |
Sec 48-6279. Payment of bonds
Latest version.
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A. The bonds shall be paid solely from monies in the debt service account.
B. The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds.
C. The fiscal agent of the district shall cancel all bonds when paid.
(Conditionally Rpld.)