Section 9-14B-13 Notice - Contested actions.
Section 9-14B-13
Notice - Contested actions.
Upon the adoption by the directors of any resolution providing for the issuance of bonds, the authority shall cause to be published once a week for two consecutive weeks, in newspapers published or having a general circulation in the Cities of Montgomery and Mobile, a notice in substantially the following form, the blanks being properly filled in, at the end of which shall be printed the name and title of either the president or the secretary of the authority:
"Gulf State Park Authority, a public corporation under the laws of the State of Alabama, on the ___ day of ______, authorized the issuance of $_________ principal amount of bonds for purposes authorized in Act 2001-972 adopted by the Legislature of Alabama at its 2001 Third Special Session. The proceeds from the sale of the bonds are proposed to be issued to finance ________. Any action or proceeding questioning the validity of the bonds, the security thereof, the use of the proceeds thereof, or the proceedings authorizing the bonds, shall be commenced within 30 days after the first publication of this notice."
Any action or proceeding in any court to set aside or question the proceedings for the issuance of the bonds referred to in the notice or to contest the validity of any bonds or the validity of security therefor, or the validity of the proposed use of the proceeds thereof must be commenced within 30 days after the first publication of the notice. After the expiration of the period, no right of action or defense questioning or attacking the foregoing shall be asserted, nor shall the validity of the proceedings, bonds, security, or use of proceeds be open to question in any court on any ground whatsoever except in an action commenced within the period.
(Act 2001-972, 2001 3rd Sp. Sess., p. 884, §13.)