469.160 VALIDITY OF BONDS; PRESUMPTION.
The validity of bonds or notes issued under sections
469.152 to
469.165 shall not depend
on nor be affected by the validity or regularity of any proceedings relating to the acquisition,
purchase, construction, reconstruction, improvement, betterment, or extension of the project for
which they are issued. The ordinance or resolution authorizing the bonds or notes may provide
that the bonds or notes shall contain a recital that they are issued pursuant to sections
469.152
to
469.165, and the recital shall be conclusive evidence of their validity and of the regularity of
their issuance.
History: 1987 c 291 s 161