2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:934 — Liability on participating certificates
§934. Liability on participating certificates
Neither the state, nor any parish, municipality, levee or drainage district, or other political subdivision, shall assume or be held to any obligation or responsibility whatever in respect to any of the participating certificates beyond the obligation to pay the principal of the bond or bonds, registered as provided herein, and then only upon the surrender and cancellation of the respective outstanding participating certificate or certificates, except as authorized in R.S. 39:931.
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