§ 42-133-12

The corporation and the board have no power to incur debt or obligations or in any way to encumber their assets except by the issuance of bonds, including the making of covenants in relation to the issuing of bonds and the incurring of expenses and obligations in connection with such issuance. History of Section.P.L. 2002, ch. 65, art. 8, § 1.