§ 52.00 — Recital of validity in obligations

New York § 52.00

• Jurisdiction: New York
• Law LFN: Local Finance
• Title 4: Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof
• Art. 2: Local Indebtedness

Text

§ 52.00 Recital of validity in obligations. Any obligation issued by a\nmunicipality, school district or district corporation may contain on its\nface a recital in substantially the following form:\n "It is hereby certified and recited that all conditions, acts and\nthings required by the Constitution and statutes of the State of New\nYork to exist, to have happened and to have been performed precedent to\nand in the issuance of this (Here insert type of obligation), exist,\nhave happened and have been performed, and that the issue of (Here\ninsert type of obligations) of which this is one, together with all\nother indebtedness of such (Here insert name of municipality, school\ndistrict or district corporation) is within every debt and other limit\nprescribed by the Constitution and laws of such State."\n