59 - Suit on bonds. - New York Statutes

§ 59. Suit on bonds. In any suit, action or proceeding upon any bond of the Utica transit authority or the security therefor, any such bond reciting in substance that it has been issued by such an authority to aid in financing a municipal project to provide omnibus transportation facilities pursuant to the procedure required in this article shall be conclusively deemed to have been issued for a municipal project of such character and pursuant to such procedure.