§ 45-33-11. Recitals as to purpose of bonds.
In any suit, action, or proceedings involving the validity or enforceability of any bonds of an agency or their security, any bond reciting in substance that it has been issued by the agency to aid in financing a redevelopment project or for code enforcement projects, shall be conclusively deemed to have been issued for a redevelopment project of character, and the project conclusively deemed to have been planned, located, and constructed in accordance with the purposes and provisions of chapters 31 — 33 of this title, or, if issued for a code enforcement project or projects, conclusively deemed to have been issued for a code enforcement project or projects of character, and the project or projects conclusively deemed to have been planned, located, and carried out in accordance with the purposes and provisions of appropriate federal legislation.
History of Section.P.L. 1956, ch. 3654, § 79; G.L. 1956, § 45-33-11; P.L. 1971, ch. 78, § 3.
Structure Rhode Island General Laws
Chapter 45-33 - Redevelopment Financing
Section 45-33-1. - Establishment of revolving fund.
Section 45-33-2. - Bonds of city or town.
Section 45-33-3. - Abolition of revolving fund.
Section 45-33-4. - Appropriations, borrowing, and loans by cities and towns.
Section 45-33-5. - Power to issue bonds — Revenue and mortgage bonds.
Section 45-33-6. - Restrictions on liability on bonds.
Section 45-33-7. - Terms and form of bonds.
Section 45-33-8. - Terms and covenants permissible in bonds.
Section 45-33-10. - Continuing validity of signatures — Negotiability of bonds.
Section 45-33-11. - Recitals as to purpose of bonds.
Section 45-33-12. - Remedies of obligees.
Section 45-33-13. - Additional remedies conferrable on obligees.
Section 45-33-14. - Tax exemption of bonds.
Section 45-33-15. - Bonds as legal investments.
Section 45-33-16. - Financial assistance by other public agencies.