§ 15. Same—Credit not pledged.  


Latest version.
  • Revenue bonds issued under the provisions of this act shall not be deemed to constitute a debt of Union County or a pledge of the faith and credit of said county, but such bonds shall be payable solely from the fund hereinafter provided for, and the issuance of such revenue bonds shall not directly, indirectly or contingently obligate the said county to levy or to pledge any form of taxation whatever therefor, or to make any appropriation for the payment, and all such bonds shall contain recitals on their face covering substantially the foregoing provisions of this section.