48-6279. Payment of bonds
52 words·~1 min read·
/az/title-48/48-6279A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(Conditionally Rpld.)
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.