Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 14-238-119 - Bonds as obligation of issuing board — Arkansas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Arkansas/
  4. Title 14 - Local Government (§§ 14-1-101 — 14-387-706)/
  5. Subtitle 14 - Solid Waste Disposal, Waterworks, and Sewers Generally/
  6. Chapter 238 - Rural Waterworks Facilities Boards/
  7. Section 14-238-119 - Bonds as obligation of issuing board
Arkansas Legal Code

Section 14-238-119 - Bonds as obligation of issuing board

Ask AI about this
(a) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter, that the bonds are obligations only of the board, and that in no event shall they constitute an indebtedness for which the faith and credit of the creating county or any of its revenues are pledged.(b) No member of the board shall be personally liable on the bonds or for any damages sustained by anyone in connection with any contracts entered into in carrying out the purpose and intent of this chapter unless he shall have acted with a corrupt intent.Acts 1995, No. 617, § 19.