2542 - State and city not liable on notes and bonds.

§ 2542. State and city not liable on notes and bonds. The notes, bonds  or  other  obligations  of the corporation shall not be a debt of either  the state or the city, and neither the  state  nor  the  city  shall  be  liable  thereon,  nor  shall they be payable out of any funds other than  those of the corporation; and such notes and bonds shall contain on  the  face thereof a statement to such effect.