§ 29-14-108 — Validation

All bond anticipation notes and any coupons
appertaining thereto issued or purportedly issued prior to July 1, 1981, and all acts
or proceedings had or taken or purportedly had or taken prior to said date by or on
behalf of public bodies, under law or under color of law, preliminary to and in the
authorization, execution, sale, and issuance of all bond anticipation notes, including
any coupons appertaining thereto, and the exercise of other powers in this article
are validated, ratified, approved, and confirmed by this section except as provided
in section 29-14-109, notwithstanding any lack of power, authority, or otherwise,
other than constitutional, and notwithstanding any defects and irregularities other
than constitutional, in such bond anticipation notes, acts, and proceedings, in such
authorization, execution, sale, and issuance, and in such exercise of power; and
such bond anticipation notes are and shall be binding, legal, valid, and enforceable
obligations of such public body to which they appertain in accordance with their
terms and their authorization proceedings.

Legislative History

Source: L. 81: Entire article added, p. 1421, � 1, effective July 1.