§49-7 - CUSIP numbers.
§49-7 CUSIP numbers. The governing
body issuing revenue bonds pursuant to this chapter, in its discretion, may
provide that CUSIP identification numbers shall be imprinted on the revenue
bonds. In the event such numbers are imprinted on any revenue bonds (1) no
CUSIP number shall constitute a part of the contract evidenced by the
particular revenue bond upon which it is imprinted and (2) no liability shall
attach to the county, or any officer or agent thereof, including any fiscal
agent, paying agent, or registrar for the bonds, by reason of the numbers or
any use made thereof, and including any use thereof made by the county, any
officer or any agent, or by reason of any inaccuracy, error, or omission with
respect thereto or in that use. The governing body in its discretion may
require that all cost of obtaining and imprinting the numbers shall be paid by
the purchaser of the bonds. For the purposes of this section the term
"CUSIP identification numbers" means the numbering system adopted by
the Committee for Uniform Security Identification Procedures formed by the
Securities Industry Association. [L 1989, c 80, pt of §3]