15.2-2657 - Decree validating bonds binding and conclusive. - Virginia Statutes

§ 15.2-2657. Decree validating bonds binding and conclusive.

In the event the decree of the court validates the bonds and no appeal istaken within the time prescribed in § 15.2-2656, or if an appeal is taken andthe decree of the court is affirmed, the decree shall be forever binding andconclusive as to the validity of the bonds, the validity of the tax or othermeans provided for the payment of the bonds, and the validity of all pledgesof revenues and of all covenants and provisions contained in any ordinance,resolution, trust agreement, indenture, or other instrument authorizing orproviding for the issuance of the bonds, the legality of proceedings taken inconnection with the issuance of the bonds, and all matters adjudicated andall objections presented or which might have been presented in theproceeding, and shall constitute a permanent injunction against theinstitution by any person of any action or proceeding contesting the validityof the bonds or any other matter adjudicated or which might have been calledin question in such proceedings.

(Code 1950, § 15-666.61; 1958, c. 640; 1962, c. 623, § 15.1-220; 1991, c.668, § 15.1-227.59; 1997, c. 587.)