Sec. 21.016. BONDS INCONTESTABLE, VALID, AND BINDING. (a) After approval by the attorney general, registration by the comptroller, and delivery to the purchaser, the bonds are incontestable and constitute general obligations of the state.
(b) After approval by the attorney general and registration by the comptroller, the bonds shall be held to be valid and binding obligations of the state in any action, suit, or other proceeding in which their validity is questioned.
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.
Structure Texas Statutes
Chapter 21 - Texas Park Development Fund
Subchapter A. Texas Park Development Bonds
Section 21.001. Issuance of Park Development Bonds
Section 21.002. Description of Bonds
Section 21.005. Form, Denomination, Place of Payment
Section 21.007. Redemption Before Maturity
Section 21.008. Registered and Bearer Bonds
Section 21.009. Notice of Bond Sale
Section 21.010. Competitive Bids
Section 21.011. Security for Bids
Section 21.012. Approval of Bonds; Registration
Section 21.013. Execution of Bonds
Section 21.014. Facsimile Signatures and Seals
Section 21.015. Signature of Former Officer
Section 21.016. Bonds Incontestable, Valid, and Binding
Section 21.017. Evidence of Validity
Section 21.018. Payment by Comptroller
Section 21.019. Duties Enforceable
Section 21.020. Refunding Bonds
Section 21.021. Bonds Negotiable Instruments
Section 21.022. Bonds Not Taxable
Section 21.023. Authorized Investments