Any resolution authorizing, or other instrument appertaining to, any securities hereunder may provide that each security therein authorized shall recite that it is issued under authority hereof. Such recital shall conclusively impart full compliance with all of the provisions hereof, and all securities issued containing such recital shall be incontestable for any cause whatsoever after their delivery for value.
History: 1953 Comp., § 75-38-53, enacted by Laws 1967, ch. 156, § 53.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 C.J.S. Municipal Corporations §§ 1967, 1968.