No bonds issued by the company under Sections 37-145-43 through 37-145-73 shall constitute a debt, liability or general obligation of the state or any political subdivision thereof (other than the company), or a pledge of the faith and credit of the state or any political subdivision thereof (other than the company), but shall be payable solely as provided by the company. No member or officer of the board of directors of the company nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. Each bond issued under Sections 37-145-43 through 37-145-73 shall contain on the face thereof a statement that neither the state, nor any other political subdivision thereof, shall be obligated to pay the same or the interest thereon or other costs incident thereto except from the revenue or money pledged by the company and that neither the faith and credit nor the taxing power of the state or any political subdivision thereof is pledged to the payment of the principal of, or the interest on, such bond.
Structure Mississippi Code
Chapter 145 - Mississippi Opportunity Loan Program Act
§ 37-145-5. Mississippi Opportunity Loan Program
§ 37-145-9. Administration of Fund
§ 37-145-13. Loan limits; coordination with certain other programs
§ 37-145-15. Eligibility for loans
§ 37-145-17. Disposition of repaid principal and interest
§ 37-145-19. Loans subject to availability of funds
§ 37-145-21. Authority to enter into agreements and contracts
§ 37-145-23. Authority to issue general obligation bonds
§ 37-145-25. Issuance of general obligation bonds
§ 37-145-27. General obligation bonds negotiable and tax exempt
§ 37-145-29. Sale of general obligation bonds; notice of sale
§ 37-145-31. Proceeds of sale of general obligation bonds
§ 37-145-33. Bondholder enforcement of general obligation bond rights
§ 37-145-37. General obligation bonds legal investments and securities
§ 37-145-39. No additional authority necessary for issuance of general obligation bonds
§ 37-145-43. Authority to issue student loan revenue bonds; purpose of bonds
§ 37-145-45. Student loan revenue bonds not a public obligation
§ 37-145-47. Issuance of student loan revenue bonds
§ 37-145-49. Terms and conditions related to student loan revenue bonds and their issuance
§ 37-145-51. Pledge upon student loan revenue bonds
§ 37-145-53. Purchase of student loan revenue bonds by issuing company
§ 37-145-55. Security for student loan revenue bonds
§ 37-145-57. Validity and sufficiency of signatures upon bonds
§ 37-145-59. Funds and accounts to carry out provisions relating to student loan revenue bonds
§ 37-145-63. Subsequent amendments not to limit vested rights of bondholders
§ 37-145-67. Public function; student loan revenue bond income tax exempt
§ 37-145-69. Student loan revenue bonds legal investments and securities