10-112.   Bonds required to be printed; recitals.All municipal bonds shall, unless otherwise approved by the attorney general,be composed in type and printed. Such bonds shall constitute a generalobligation of themunicipality issuing the same and shall recite the authority under whichthey are issued and that they are issued in conformity with theprovisions, restrictions and limitations thereof and that such bonds andthe interest thereon are to be paid by such municipality, and suchrecital when said bonds have been duly registered as herein provided,shall import absolute verity and shall be conclusive in favor of allpersons purchasing said bonds, that all proceedings and conditionsprecedent have been had and performed to authorize the issuance of suchbonds and such bonds shall be negotiable.

      History:   R.S. 1923, § 10-112; L. 1978, ch. 46, § 1; July 1.