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Code · Louisiana · Title 51 — Trade and Commerce

RS 51:1161

108 words·~1 min read·/la/title-51/51-54

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RS 51:1161
§1161. Municipality or parish not liable
The municipality or the parish shall not in any event be liable for the payment of the principal of or interest on any bonds of the corporation, formed thereby or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever which may be undertaken by the corporation, and none of the bonds of the corporation or any of its agreements or obligations shall be construed to constitute an indebtedness of the municipality or parish within the meaning of any constitutional or statutory provisions whatsoever.
Acts 1962, No. 436, §11. Amended by Acts 1964, No. 433, §1.
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