Sec. 463. publication of borrowing legislation
199 words·~1 min read·
/statute-compilations/comps-709/sec-463A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 463 publication of borrowing legislation ###
(a)After each act of the Council of the District under section 462(a) authorizing the issuance of general obligation bonds has taken effect, the Mayor shall publish such act at least once in at least one newspaper of general circulation within the District together with a notice that such act has taken effect. Each such notice shall be in substantially the following form: NOTICE The following act of the Council of the District of Columbia (published with this notice) authorizing the issuance of general obligation bonds has taken effect. As provided in the District of Columbia Self-Government and Governmental Reorganization Act, the time within which a suit, action, or proceeding questioning the validity of such bonds may be commenced expires at the end of the twenty-day period beginning on the date of the first publication of this notice. ————— —————, *Mayor.* ###
(b)Neither the failure to publish the notice provided for in subsection
(a)nor any error in any publication of such notice shall impair the effectiveness of the act of the Council authorizing the issuance of such bonds or the validity of any bond issued pursuant to such act.