2022 Nebraska Revised Statutes
Chapter 18 - Cities and Villages; Laws Applicable to All
18-2129 - Bonds; actions; effect.
18-2129. Bonds; actions; effect.
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.
Source
- Laws 1951, c. 224, § 10(6), p. 813;
- R.R.S.1943, § 14-1629;
- R.R.S.1943, § 19-2629;
- Laws 2018, LB874, § 23.
Annotations
Any suit, action, or proceeding brought outside the 30-day period in section 18-2142.01 is subject to the conclusive presumption of this section and section 18-2142.01 as long as the action is one challenging the validity or enforceability of a redevelopment bond or contract and the bond or contract recites in substance the language required by the two sections. Salem Grain Co. v. City of Falls City, 302 Neb. 548, 924 N.W.2d 678 (2019).
