58:5-51 - Liability on bonds - New Jersey Statutes

58:5-51.  Liability on bonds
    Neither the members of the commission nor any person executing bonds issued  pursuant to this act shall be liable personally on the bonds by reason of the  issuance thereof.  Bonds or other obligations issued pursuant to this act shall  not be in any way a debt or liability of the State, or of any municipality or  municipalities and shall not create or constitute any indebtedness, liability  or obligation of the State or of any such municipality, either legal, moral or  otherwise, and nothing in this act contained shall be construed to authorize  any commission to incur any indebtedness on behalf of or in any way to obligate  the State or any municipality.

     L.1962, c. 167, s. 21.