Idaho § 70-2214 PUBLICATION OF PROCEEDINGS – CONTEST PERIOD

Idaho Statutes

§ 70-2214 — PUBLICATION OF PROCEEDINGS – CONTEST PERIOD

Idaho·Title 70 WATERCOURSES AND PORT DISTRICTS·Ch. 22 COUNTY-BASED OR CITY-BASED INTERMODAL COMMERCE AUTHORITY

(1)A resolution authorizing the issuance of any revenue bonds and the execution of an indenture as security pursuant to section 70-2211, Idaho Code, shall be published one (1) time in a newspaper of general circulation in the municipality. Any such indenture, or other instrument authorized in such resolution to be executed, may be incorporated as an exhibit to such resolution but need not be published as part of the resolution.

(2)For a period of thirty (30) days from the date of such publication any person in interest may file suit in any court of competent jurisdiction to contest the regularity, formality, or legality of the proceedings authorizing the revenue bonds, the legality of such resolution and its provisions, or the legality of the revenue bonds to be issued pursuant thereto a

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(1) A resolution authorizing the issuance of any revenue bonds and the execution of an indenture as security pursuant to section 70-2211, Idaho Code, shall be published one (1) time in a newspaper of general circulation in the municipality. Any such indenture, or other instrument authorized in such resolution to be executed, may be incorporated as an exhibit to such resolution but need not be published as part of the resolution.
(2) For a period of thirty (30) days from the date of such publication any person in interest may file suit in any court of competent jurisdiction to contest the regularity, formality, or legality of the proceedings authorizing the revenue bonds, the legality of such resolution and its provisions, or the legality of the revenue bonds to be issued pursuant thereto and the provisions securing the revenue bonds. After the expiration of the thirty (30) day period provided for in this section, no one shall have any right of action to contest the validity of the revenue bonds, such proceedings, or such resolution or to contest the validity of the pledges and covenants made in such proceedings and resolution, and the revenue bonds and the provisions for their payment shall be conclusively presumed to be legal and no court shall thereafter have authority to inquire into such matters.

Idaho § 70-2214 (PUBLICATION OF PROCEEDINGS – CONTEST PERIOD) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.