In any suit, action, or proceedings involving the validity or enforceability of any bond of an authority or the security therefor, any such bond reciting in substance that it has been issued by the authority to aid in financing a redevelopment project, as herein defined, shall be conclusively deemed to have been issued for such purpose and such project shall be conclusively deemed to have been planned, located, and carried out in accordance with the purposes and provisions of the Community Development Law.
Neb. Rev. Stat. § 18-2129
Bonds; actions; effect
Applied in 2 court decisions — leading case Salem Grain Co. v. City of Falls City (2019)
Most recently applied in In re App. No. P-12.32 of Black Hills Neb. Gas (June 2022)
Laws 1951, c. 224, § 10(6), p. 813; R.R.S.1943, § 14-1629; R.R.S.1943, § 19-2629; Laws 2018, LB874, § 23.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.