(50 ILCS 465/40)
Sec. 40.
Personal liability; corporate authorities.
Neither the
members of the corporate authorities of an Authority, nor any official or
employee of the Authority, nor any person executing bonds issued under this Act
shall be liable personally for payment of the bonds or the interest or
redemption premium, if any, thereon or be subject to any personal liability or
accountability by reason of the issuance thereof.
(Source: P.A. 92-142, eff. 7-24-01.)
|