48-2474

48-2474. Validity of bonds; nonliability of
officers and directors

A. Bonds issued under this article and bearing the signature of officers in office
on the date of the signing thereof shall be valid and binding obligations,
notwithstanding that, before delivery and payment thereof, any and all of the persons
whose signatures appear thereon have ceased to be officers of the district issuing the
bonds.

B. The validity of the bonds shall not be dependent on nor affected by the validity
or regularity of any proceedings relating to the construction, improvement,
reconstruction, acquisition or extension of the undertaking financed by the bonds or
acquired in connection therewith.

C. No member of the board of directors or officer of the district issuing bonds is
liable personally on such bonds.