Liability of State and persons signing bonds for payment of principal and interest.

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The faith and credit of the State must not be pledged for the payment of the principal and interest of such bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the visitors nor any other person signing the bonds is personally liable therefor.

HISTORY: 2000 Act No. 356, Section 2(B).


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