11-7-100. Recital in bond conclusive as to purpose.
83 words·~1 min read·
/sd/title-11/chapter-11-7/11-7-100A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In any suit, action, or proceeding involving the validity or enforceability of any bond of a commission or the security therefor, any such bond reciting in substance that it has been issued by the commission to aid in financing a project, as defined in § 11-7-1 , shall be conclusively deemed to have been issued for such purpose and such project shall be conclusively deemed to have been planned, located, and carried out in accordance with the purposes and provisions of this chapter.