Common use of PID Bonds to be Issued within Parameters Authorized by Formation Documents Clause in Contracts

PID Bonds to be Issued within Parameters Authorized by Formation Documents. The PID shall issue the Bonds in accordance with the Formation Resolution, the District General Plan and PID Feasibility Study. The PID may, in the future, issue district revenue bonds or special levy bonds as provided by the Act. Under no circumstances will the Village be obligated for the payment of bonds or other financial obligations of the PID.