County Bond Law and Legal Definition

County bond is a bond issued by the county and usually paid through a levy on a special taxing district, whether or not the district is coextensive with the county. Purchasers of county bonds are required to ascertain that bonds purporting to be issued by a county have been authorized by the officers or board having authority to issue them. Recitals in county bonds signed and issued by officers not authorized to issue them are not binding upon the county. Whether or not the bonds on which this action is brought contain recitals that would estop the county, if issued under the authority of the county commissioners, is not decided.