Nebraska Statutes 13-810. Issuance of bonds; immunity; limitations
Current as of: 2024 | Check for updates
|
Other versions
(1) Neither the members of a joint entity’s governing body nor any person executing the bonds shall be liable personally on such bonds by reason of the issuance thereof.
Terms Used In Nebraska Statutes 13-810
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(2) The bonds shall not be a debt of any political subdivision or of this state and neither this state nor any political subdivision shall be liable thereon. Bonds shall be payable only out of any funds or properties of the issuing joint entity. Such limitations shall be plainly stated upon the face of the bonds.