§48E-12 - Validity of special purpose revenue bonds.
§48E-12 Validity of special purpose revenue
bonds. The special purpose revenue bonds bearing the signature or
facsimile signature of officers in office on the date of the signing thereof
shall be valid and sufficient for all purposes, notwithstanding that before the
delivery thereof and payment therefor any or all the persons whose signatures
appear thereon shall have ceased to be officers of the county issuing the
bonds. The validity of the special purpose revenue bonds shall not be
dependent on nor affected by the validity or regularity of any proceedings
relating to the pollution control project for which the special purpose revenue
bonds are issued. The ordinance authorizing the special purpose revenue bonds
may provide that the special purpose revenue bonds shall contain a recital that
they are issued pursuant to this chapter, which recital shall be conclusive
evidence of their validity and of the regularity of their issuance. [L 1983, c
237, pt of §2]