Bonds as Special Obligations

Every Bond issued by the Housing Corporation pursuant to this Chapter shall be a special obligation of the Housing Corporation payable solely from the revenues and other property specified in the indenture or resolution providing for the issuance of such bond. Every bond shall recite that it is not public indebtedness of the Territory of Guam as that term is used in §11 of the Organic Act. SOURCE: GC § 20003.1, as added by P.L. 16-42. Amended by P.L. 24- 81:6.