This text of New York § 81.00 (Bond resolution, or note resolution or certificate, containing estoppel clause; publication and notice) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 81.00 Bond resolution, or note resolution or certificate, containing\nestoppel clause; publication and notice.
a.If a resolution of a finance\nboard authorizing the issuance of bonds or notes or the certificate of a\nchief fiscal officer authorizing the issuance of notes contains the\nstatement referred to in section 80.00 of this chapter, such resolution\nafter adoption, or a summary of such resolution, or such certificate\nafter its execution and filing, shall be published in full by the clerk\nof the municipality, school district or district corporation or such\nother official or person as the finance board or such fiscal officer may\ndesignate, together with a notice in substantially the following form:\n "The resolution (or the resolution a summary of which is) (or\ncertificate)
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§ 81.00 Bond resolution, or note resolution or certificate, containing\nestoppel clause; publication and notice. a. If a resolution of a finance\nboard authorizing the issuance of bonds or notes or the certificate of a\nchief fiscal officer authorizing the issuance of notes contains the\nstatement referred to in section 80.00 of this chapter, such resolution\nafter adoption, or a summary of such resolution, or such certificate\nafter its execution and filing, shall be published in full by the clerk\nof the municipality, school district or district corporation or such\nother official or person as the finance board or such fiscal officer may\ndesignate, together with a notice in substantially the following form:\n "The resolution (or the resolution a summary of which is) (or\ncertificate) published herewith has been adopted (or authorized) on\nthe day of , 19 , and the validity of the obligations authorized\nby such resolution (or certificate) may be hereafter contested only if\nsuch obligations were authorized for an object or purpose for which the\n(Here insert name of municipality, school district or district\ncorporation) is not authorized to expend money or if the provisions of\nlaw which should have been complied with as of the date of publication\nof this notice were not substantially complied with, and an action, suit\nor proceeding contesting such validity is commenced within twenty days\nafter the date of publication of this notice, or such obligations were\nauthorized in violation of the provisions of the constitution.\n.........................................................................\n (Clerk or other official or person designated by the finance board or\n chief fiscal officer)"\n If a summary of such resolution is published as provided in this\nsection, such summary shall list the class or classes of objects or\npurposes for which the obligations to be authorized by such resolution\nare to be issued together with the period or periods of probable\nusefulness and the amount of obligations to be issued for each such\nclass of objects or purposes, and in addition, such summary shall state\nan office of the municipality, school district or district corporation\nwhere the resolution summarized thereby shall be available for public\ninspection. Such resolution shall be kept available for public\ninspection at such office during normal business hours for twenty days\nfollowing the publication of such summary as provided in this title.\n b. However, if such resolution is subject to a mandatory or permissive\nreferendum, or is submitted to a referendum by the finance board on its\nown motion, such resolution or summary thereof shall not be published\ntogether with such notice until it shall have been approved at such a\nreferendum or, in the case of a resolution subject to a permissive\nreferendum, until the period of time shall have elapsed for the\nsubmission and filing of a petition for a permissive referendum and a\nvalid petition shall not have been submitted and filed, and such notice\nshall state that such resolution has been approved at such a referendum\nor, in the case of a resolution subject to a permissive referendum, that\nthe period of time has elapsed for the submission and filing of a\npetition for a permissive referendum and a valid petition has not been\nsubmitted and filed, as the case may be.\n c. If any bond resolution or capital note resolution does not contain\na determination of the period of probable usefulness of the specific\nobject or purpose or class of objects or purposes for which such\nresolution authorizes the issuance of obligations, there shall be\npublished, together with such resolution or summary thereof and notice,\nthe certificate of the appropriate body or official containing such\ndetermination.\n d. Such publication as shall be required by this section shall be in\nthe official newspaper or newspapers of the municipality, school\ndistrict or district corporation or if there be no such newspaper or\nnewspapers, then in such newspaper or newspapers having a general\ncirculation in the municipality, school district or district corporation\nas the finance board shall designate.\n