23-665.11. Validity of notes
(Rpld. 1/1/16)
A. This article constitutes full authority for authorizing and issuing the notes without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authorized by this article may be construed to apply to any proceedings taken or acts done pursuant to this article.
B. The validity of the notes does not depend on and is not affected by the legality of any proceeding relating to any action relating to application of the proceeds of the notes.
C. The notes shall recite that they are regularly issued pursuant to this article. That recital constitutes prima facie evidence of the legality and validity of the notes. From and after the sale and delivery of the notes, they are incontestable by the director or this state.
Section: Previous 23-665.04 23-665.05 23-665.06 23-665.07 23-665.08 23-665.09 23-665.10 23-665.11 23-665.12 23-665.13 23-671 23-672 23-672.01 23-673 23-674 NextLast modified: October 13, 2016