48-5352. Bond obligations of the board
Bonds issued pursuant to this article:
1. Are obligations of the board issuing the bonds.
2. Are payable only pursuant to the terms of the bonds.
3. Are not obligations that are general, special or otherwise of this state or the county.
4. Are not a legal debt of this state or of the county.
5. Are not enforceable against this state or that county out of any monies other than the income and revenue pledged and assigned to or in trust for the benefit of the holder or holders of the bonds.
Section: Previous 48-5345 48-5346 48-5347 48-5348 48-5349 48-5350 48-5351 48-5352 48-5353 48-5354 48-5501 48-5501.01 48-5502 48-5503 48-5504 NextLast modified: October 13, 2016