§ 23-71-527 — Validation - effect - limitations

(1) All bonds issued and other
contracts, leases, or agreements executed by districts, all district bond elections
held and carried, and all acts and proceedings had or taken prior to July 1, 1973, by
or on behalf of such districts, preliminary to and in the authorization, execution,
sale, and issuance of all bonds, the authorization and execution of all other
contracts, leases, or agreements, and the exercise of other powers in section 23-71-504 are hereby validated, ratified, approved, and confirmed, notwithstanding any
defects and irregularities, other than constitutional, in such bonds, acts, and
proceedings, in such authorization, execution, sale, and issuance, and in such
exercise of powers; and such bonds and other contracts, leases, or agreements are
and shall be binding, legal, valid, and enforceable obligations of the district to
which they appertain in accordance with their terms and their authorization
proceedings.

(2) This section shall operate to supply such legislative authority as may be
necessary to accomplish the validations provided and authorized in this section but
shall be limited to validations consistent with all provisions of applicable law in
effect at the time of such action or other matter. This article shall not operate to
validate any action or other matter the legality of which is being contested or
inquired into in any legal proceedings pending and undetermined prior to July 1,
1973, nor to validate any action or other matter which has been determined in any
legal proceedings prior to July 1, 1973, to be illegal, void, or ineffective.

Legislative History

Source: L. 75: Entire article added, p. 776, � 1, effective July 1.