§ 31-35-408. No municipal liability on bonds

CO Rev Stat § 31-35-408 (2018) (N/A)
Copy with citation
Copy as parenthetical citation

Revenue bonds issued under this part 4 shall not constitute an indebtedness of the municipality within the meaning of any constitutional or statutory limitations. Each bond issued under this part 4 shall recite in substance that said bond, including interest thereon,is payable solely from the revenues pledged to the payment thereof and that said bond does not constitute a debt of the municipality within the meaning of any constitutional or statutory limitations.