§39-18  Bonds negotiable,
incontestable.  This part, without reference to any other law, shall be
full authority to issue, exchange, or sell bonds of the State, and the bonds
and all interim receipts or certificates shall have all the qualities of
negotiable paper under state law.  The bonds shall not be invalid for any
irregularity or defect in the proceedings for the issue, sale, or exchange
thereof.  The bonds shall contain a recital that they have been authorized and
issued pursuant to the laws of the State, which recital shall be conclusive
evidence of their validity and the regularity of their issuance.  No
proceedings in respect of the issuance of any bonds shall be necessary except
proceedings required by this part. [L 1988, c 28, pt of §3]