There is a newer version of the Arizona Revised Statutes
2005 Arizona Revised Statutes - Revised Statutes §48-6279 Payment of bonds
(Conditionally Rpld.)
A. The bonds shall be paid solely from monies in the debt service account.
B. The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds.
C. The fiscal agent of the district shall cancel all bonds when paid.
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