99.1015. Contracts, authority may transact business, when--validity of authority not to be challenged, when. - Missouri Statutes

Contracts, authority may transact business, when--validity ofauthority not to be challenged, when.

99.1015. 1. In any suit, action, or proceeding involving thevalidity or enforcement of or relating to any contract of an authorityentered into pursuant to sections 99.1000 to 99.1060, such authority shallbe conclusively deemed to have become established and authorized totransact business and exercise its powers under sections 99.1000 to 99.1060upon proof of the adoption of the appropriate ordinance prescribed insection 99.1006. Each such ordinance shall be deemed sufficient if itauthorizes the exercise of powers under sections 99.1000 to 99.1060 by theauthority and sets forth the findings of the municipality as required insubdivision (2) of section 99.1006.

2. A copy of such ordinance duly certified by the clerk of themunicipality shall be admissible in evidence in any suit, action, orproceeding.

3. No lawsuit to set aside the creation of an authority, the approvalof a development plan, development project, development area or developmentproject area, or a tax levied pursuant to sections 99.1000 to 99.1060, orto otherwise question the validity of the proceedings related thereto,shall be brought after the expiration of ninety days from the effectivedate of the ordinance or resolution in question.

(L. 2003 H.B. 289)