33-3808. VALIDITY OF BONDS. The bonds bearing the signatures of officers 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 the persons whose signatures appear thereon shall have ceased to be officers of the institution issuing the same. The validity of the bonds shall not be dependent on nor affected by the validity or regularity of any proceedings to acquire the project financed by the bonds or taken in connection therewith.
History:
[33-3808, added 1935 (1st E.S.), ch. 55, sec. 8, p. 145.]
Structure Idaho Code
Chapter 38 - STATE INSTITUTIONS OF HIGHER EDUCATION BOND ACT
Section 33-3801 - SHORT TITLE.
Section 33-3802 - DEFINITIONS.
Section 33-3803 - STATE EDUCATIONAL INSTITUTIONS AS BODIES POLITIC AND CORPORATE — POWERS OF BOARDS.
Section 33-3804 - POWERS AND DUTIES OF STATE INSTITUTIONS.
Section 33-3805 - AUTHORIZATION, ISSUANCE, MATURITY, INTEREST AND SALE OF BONDS.
Section 33-3806 - PROVISIONS FOR PAYMENT OF BONDS.
Section 33-3807 - DEPOSIT OF PROCEEDS OF BONDS.
Section 33-3808 - VALIDITY OF BONDS.
Section 33-3809 - OTHER FUNDS NOT AFFECTED.
Section 33-3810 - BONDS AND OTHER DEBT NOT OBLIGATIONS OF STATE — PAYABLE ONLY FROM PLEDGED REVENUE.