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(1) In the resolution authorizing bonds to be issued as provided in this chapter or other applicable law, a local political subdivision may require that the bonds recite that they are issued under authority of this chapter or other applicable law.
(2)
(a) A bond recital as provided in Subsection (1) conclusively establishes full compliance with all the provisions of applicable law.
(b) All bonds issued containing a recital as provided in Subsection (1) shall be incontestable for any reason after their delivery for value.