40-1134. Validity of bonds


A. Bonds issued under this article and 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 have ceased to be officers of the board.


B. The validity of the bonds shall not be dependent on or affected by the validity
or regularity of any proceedings relating to the construction, acquisition, improvement,
reconstruction or extension of the facilities of the authority from the proceeds of the
sale of the bonds or the proceedings taken in connection therewith.