15-1486. Validity of bonds


The bonds bearing the signatures of officers in office on the date of the signing
thereof shall be valid and binding obligations, notwithstanding that before the delivery
thereof and payment therefor any or all of the persons whose signatures appear thereon
shall have ceased to be officers of the board. The validity of the bonds shall not be
dependent on nor affected by the validity or regularity of any proceedings to acquire the
project financed by the bonds or taken in connection therewith.