South Dakota § 13-51A-26 Validity of bonds despite expiration of terms of officers--Irregularities in proceedings.

South Dakota Statutes

§ 13-51A-26 — Validity of bonds despite expiration of terms of officers--Irregularities in proceedings.

South Dakota·Title 13 EDUCATION·Ch. 13-50A BOARD OF REGENTS REVENUE BONDS

The bonds bearing the signatures of officers of the board in office on the date of the signing thereof shall be valid and binding obligations, notwithstanding that before the delivery thereof and payment therefor any or all persons whose signatures appear thereon shall have ceased to be such officers. The validity of the bonds shall not be dependent on nor affected by the validity or regularity of any proceedings to acquire any project financed by the bonds, or to refund outstanding bonds, or taken in connection therewith.

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The bonds bearing the signatures of officers of the board in office on the date of the signing thereof shall be valid and binding obligations, notwithstanding that before the delivery thereof and payment therefor any or all persons whose signatures appear thereon shall have ceased to be such officers. The validity of the bonds shall not be dependent on nor affected by the validity or regularity of any proceedings to acquire any project financed by the bonds, or to refund outstanding bonds, or taken in connection therewith.

South Dakota § 13-51A-26 (Validity of bonds despite expiration of terms of officers--Irregularities in proceedings.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.