40:68A-12 - Notice as to time for bringing actions questioning validity - New Jersey Statutes

40:68A-12.  Notice as to time for bringing actions questioning validity    Any port authority may cause to be published in a newspaper published in the  district a notice stating the date of adoption of such bond resolution, the  amount and maturities of the bonds authorized to be issued, and also stating  that any action or proceeding of any kind or nature in any court questioning  the validity of the creation and establishment of the port authority, or the  validity or proper authorization of bonds provided for by the bond resolution,  or the validity of any covenants, agreements or contracts provided for by the  bond resolution shall be commenced within twenty days after the first  publication of such notice.  If no such action or proceedings shall be  commenced or instituted within twenty days after the first publication of such  notice, then all residents and taxpayers and owners of property in the district  and users of the port facilities and all other persons whatsoever shall be  forever barred and foreclosed from instituting or commencing any action or  proceeding in any court, or from pleading any defense to any action or  proceeding, questioning the validity of the creation and establishment of the  port authority, the validity or proper authorization of such bonds, or the  validity of any such covenants, agreements or contracts, and said bonds,  covenants, agreements and contracts shall be conclusively deemed to be valid  and binding obligations in accordance with their terms and tenor.

     L.1948, c. 349, p. 1390, s. 12, eff. Sept. 1, 1948.