48-5166. Liability; bond validity
A. The members of the board or a person executing the bonds is not personally liable for the payment of the bonds.
B. The bonds are valid and binding obligations of the authority notwithstanding the fact that before the delivery of the bonds any of the officers whose signatures appear on the bonds cease to be officers of the authority.
C. From and after the sale and delivery of the bonds, the bonds are incontestable by this state, the county or the authority.
Section: Previous 48-5123 48-5141 48-5161 48-5162 48-5163 48-5164 48-5165 48-5166 48-5167 48-5168 48-5169 48-5170 48-5171 48-5172 48-5173 NextLast modified: October 13, 2016