Common use of No Bonding Authority Clause in Contracts

No Bonding Authority. Notwithstanding 20-A M.R.S. § 3802(12), the Board of Directors shall have no authority to issue bonds or notes for school construction purposes.

Appears in 3 contracts

Samples: Interlocal Agreement, Interlocal Agreement, Interlocal Agreement

AutoNDA by SimpleDocs

No Bonding Authority. Notwithstanding 20-A M.R.S. § 3802(12), the Board of Directors shall have no authority to issue bonds or notes for school construction purposes.. The Board is not authorized to assume, incur, or dispose of any indebtedness in the name of the ESC.[19] [20] [21]

Appears in 1 contract

Samples: Interlocal Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!