Pennsylvania Act 1949-471 — VALIDATING SCHOOL DISTRICT BONDS

Act text

VALIDATING SCHOOL DISTRICT BONDS
                 Act of May 20, 1949, P.L. 1557, No. 471              Cl. 24
                                  AN ACT

     Making bonds of school districts valid and binding obligations
        of such districts despite failure to advertise election in a
        newspaper of general circulation.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  Whenever any school district shall heretofore
     have passed a resolution signifying its desire to increase its
     bonded indebtedness, and whenever the assent of a majority of
     the electorate of such district shall have been obtained at an
     election held within such district assenting to such increase in
     indebtedness, and whenever notice of such election shall have
     been given in the legal journal designated by rules of court for
     publication of legal notices and advertisements, and whenever
     the lawful number of notices shall have been posted within the
     district giving notice of such election, all bonds heretofore or
     hereafter issued pursuant to such election are hereby made valid
     and binding obligations of such school district notwithstanding
     the fact that notice of said election was not advertised in any
     newspaper published in or circulated generally throughout the
     district, as required by law: Provided, That all other
     requirements of law concerning the issuance of such bonds and
     the proceedings relative thereto shall have been complied with.