2010 Idaho Code
TITLE 33 EDUCATION
CHAPTER 38 STATE INSTITUTIONS OF HIGHER EDUCATION BOND ACT
33-3811 ATTORNEY GENERAL TO PASS ON VALIDITY OF BONDS -- INCONTESTABLE IF APPROVED.
EDUCATION
CHAPTER 38
STATE INSTITUTIONS OF HIGHER EDUCATION BOND ACT
33-3811. Attorney general to pass on validity of bonds -- Incontestable if approved. Any institution may submit to the attorney general of the state of Idaho any bonds to be issued hereunder after all proceedings for the issuance of such bonds have been taken. Upon the submission of such proceedings to the attorney general, it shall be the duty of the attorney general to examine into and pass upon the validity of such bonds and the regularity of all proceedings in connection therewith. If such proceedings conform to the provisions of sections 33-3801--33-3813, and such bonds when delivered and paid for will constitute binding and legal obligations of such institution enforceable according to the terms thereof, the attorney general shall certify in substance upon the back of each of said bonds that it is issued in accordance with the Constitution and laws of the state of Idaho. When delivered and paid for, any bond bearing upon its back such certificate shall in any suit, action or proceeding involving its validity be conclusively deemed to be fully authorized by sections 33-3801--33-3813 and to have been issued, sold, executed and delivered in conformity with the Constitution and laws of the state of Idaho and shall be deemed to be valid and binding and enforceable in accordance with its terms, and such bonds shall be incontestable for any cause.
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