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Code · Arizona · Title 5 — Amusements and Sports

5-869. Payment of bonds

51 words·~1 min read·/az/title-5/5-869

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. The bonds shall be paid solely from monies in the debt service account.
B. Neither the members of the board nor any person executing the bonds is personally liable for the payment of the bonds.
C. The treasurer or fiscal agent of the authority shall cancel all bonds when paid.
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