(a) Bonds provided for in this subchapter shall be issued in such amounts as may be necessary to provide sufficient funds to pay all costs of acquisition.
(b) (1) Bonds issued under the provisions of this subchapter shall be payable solely from the revenues derived from the operation of the properties acquired. These bonds shall not, in any event, constitute an indebtedness of the county or municipality within the meaning of the constitutional provisions or limitations.
(2) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter and that it does not constitute an indebtedness of the county or municipality within any constitutional or statutory limitation.
Section: Previous 14-169-1002 14-169-1003 14-169-1004 14-169-1005 14-169-1006 14-169-1007 14-169-1008 14-169-1009 14-169-1010 14-169-1011 NextLast modified: November 15, 2016