Bonds - Effect of Recital of Purpose on Face of Bond

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Any bond reciting in substance that it has been issued by an authority to aid in financing a housing project to provide dwelling accommodations for persons of low income shall be conclusively deemed, in any action or proceeding involving the validity or enforceability of such bond or the security therefor, to have been issued for a housing project of such character.

(Ga. L. 1937, p. 210, § 15.)


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