53B-21-106 - Examination and certification of bonds by attorney general -- Recital of certification -- Incontestability of bonds.
53B-21-106. Examination and certification of bonds by attorney general -- Recitalof certification -- Incontestability of bonds.
(1) The resolutions and proceedings authorizing the issuance and confirming sale ofbonds under this chapter are submitted to the attorney general for examination.
(2) When the resolutions and proceedings have been examined and the bonds certified aslegal obligations by the attorney general, the bonds are incontestable in any court in the stateunless suit is brought within 30 days from the date of the approval.
(3) A bond authorized under this section shall contain a recital on its face in substantiallythe following form: "This bond is one of a series of bonds which were certified as legalobligations by the attorney general of the state of Utah on ___."
(4) Bonds authorized, issued, and sold under resolutions and proceedings approved by theattorney general are prima facie valid and binding obligations according to their terms.
(5) The only defense which may be offered in any suit instituted after the 30-day periodhas expired is forgery, fraud, or violation of the Constitution.
Enacted by Chapter 167, 1987 General Session