99.930. 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.

99.930. 1. In any suit, action, or proceeding involving the validityor enforcement of or relating to any contract of an authority entered intopursuant to sections 99.915 to 99.980, such authority shall be conclusivelydeemed to have become established and authorized to transact business andexercise its powers under sections 99.915 to 99.980 upon proof of theadoption of the appropriate ordinance prescribed in section 99.921. Eachsuch ordinance shall be deemed sufficient if it authorizes the exercise ofpowers under sections 99.915 to 99.980 by the authority and sets forth thefindings of the municipality as required in subdivision (2) ofsection 99.921.

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 99.915 to 99.980, or tootherwise question the validity of the proceedings related thereto, shallbe brought after the expiration of ninety days from the effective date ofthe ordinance or resolution in question.

(L. 2003 H.B. 289)

Effective 7-07-03