N.Y. Local Finance Law 100.00 – Requirement of pledge of faith and credit
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§ 100.00 Requirement of pledge of faith and credit. Every municipality, school district and district corporation shall pledge its faith and credit for the payment of all indebtedness contracted by it.
Terms Used In N.Y. Local Finance Law 100.00
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.