2040-D - State, towns and municipalities not liable on bonds or notes.

§  2040-d.  State,  towns  and  municipalities  not liable on bonds or  notes. Neither the state, the towns nor any other municipality or public  corporation shall be liable on the bonds and notes of the authority  and  such  bonds  and  notes shall not be a debt of the state, the towns, any  other municipality or public corporation, and such bonds and notes shall  contain on the face thereof, a statement to such effect.