§ 41-10-137 — Moneys received from issuance of bonds to be used solely for purpose for which issued; disposition of unexpended balance; validity of bonds not dependent upon validity of proceedings relating to project

All monies received from the issuance of any bonds herein
authorized shall be used solely for the purpose (or purposes)
for which issued, including, without limiting the generality of
the foregoing, if so authorized the payment of preliminary
expenses; provided, however, that any unexpended balance of such
bond proceeds remaining after the completion of the acquisition
or improvement of the project or service for which such bonds
were issued shall be paid immediately into the fund created for
the payment of the principal of said bonds and shall be used
therefor. The validity of said bonds shall not be dependent on
nor affected by the validity or regularity of any proceedings
relating to the acquisition or improvement of the project for
which the bonds are issued; and the purchaser or purchasers of
the bonds shall in no manner be responsible for the application
of the proceeds of the bonds by the district or any of its
officers, agents and employees.