Arizona Revised Statutes § 48-150 Validity Of Bonds

48-150. Validity of bonds

A. Bonds issued under this article and bearing the signatures of officers in office on the date of the signing thereof shall be valid and binding obligations, notwithstanding that before delivery and payment thereof any and all of the persons whose signatures appear thereon have ceased to be officers of the district issuing the bonds.

B. The validity of the bonds shall not be dependent on nor affected by the validity or regularity of any proceedings relating to the construction, improvement, reconstruction, acquisition or extension of the undertaking financed by the bonds or acquired in connection therewith.

Section: Previous  48-143  48-144  48-145  48-146  48-147  48-148  48-149  48-150  48-151  48-152  48-153  48-154  48-155  48-171  48-172  Next

Last modified: October 13, 2016