Validity of bonds
The validity of bonds issued under ORS 285B.320 (Purpose of ORS 285B.320 to 285B.371) to 285B.371 (State interest in eligible projects not necessary for loans) shall not be dependent on nor be affected by the validity or regularity of any proceeding relating to the acquisition, purchase, construction, installation, reconstruction, improvement, betterment or extension of the eligible project for which the bonds are issued. The official action authorizing such bonds may provide that the bonds shall contain a recital that they are issued pursuant to ORS 285B.320 (Purpose of ORS 285B.320 to 285B.371) to 285B.371 (State interest in eligible projects not necessary for loans) and such recital shall be conclusive evidence of their validity and of the regularity of their issuance. [Formerly 285.375]
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