Neither the members of the authority nor any person executing bonds issued pursuant to this act shall be liable personally on the bonds by reason of the issuance thereof.
N.J. Stat. Ann. § 58:1B-12
No personal liability on bonds
Known as the New Jersey Water Supply Authority Act
The act spans §§ 58:1B-1 to 58:1B-9.2 (27 sections).
L.1981, c. 293, s. 12, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.