28-7505. Liability; bond validity
80 words·~1 min read·
/az/title-28/28-7505A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 department 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 department.
C. From and after the sale and delivery of the bonds, the bonds are incontestable by the board or department.