58:14-34.15 - Notice limiting time for questioning validity; bar of actions and defenses - New Jersey Statutes

58:14-34.15.  Notice limiting time for questioning validity;  bar of actions  and defenses    After the taking effect of a bond resolution, the commissioners may cause to  be published in a newspaper of general circulation published in the city of  Newark the title of said bond resolution together with a notice stating the  date of its adoption and also the date of the first publication of such notice  and also that any action or proceeding of any kind or nature in any court  questioning the validity of the creation and establishment of the commissioners, or the validity or proper authorization of the bonds provided for by said bond resolution, or the validity of this act or of any obligations,  covenants, agreements or contracts provided for by this act or said bond  resolution shall be commenced within twenty days after the first publication of  such notice.  If no such action or proceeding shall be commenced or instituted  within twenty days after the first publication of such notice, then all  contracting municipalities and residents and taxpayers and owners of property  therein and all other persons whatsoever shall be forever barred and foreclosed  from instituting or commencing any action or proceeding in any court, and from  pleading in any action or proceeding any defense, questioning the validity of  the creation and establishment of the commissioners, the validity or proper  authorization of such bonds, or the validity of this act or of any such  obligations, covenants, agreements or contracts, and all such bonds,  obligations, covenants, agreements and contracts shall be conclusively deemed  to be valid and binding obligations in accordance with their terms and tenor.     L.1953, c. 388, p. 2013, s. 6.