1935_public laws_402_5
CHAPTER 401 AN ACT TO VALIDATE CERTAIN BONDS HERETO- FORE ISSUED AND AUTHORIZING THE ISSUANCE OF BONDS PURSUANT TO CERTAIN PROCEEDINGS HERETOFORE TAKEN BY MUNICIPALITIES FOR THE PURPOSE OF FINANCING OR AIDING IN THE FINANCING OF ANY WORK, UNDERTAKING OR PROJECT TO FINANCE OR TO AID IN THE FINANC- ING OF WHICH ANY LOAN OR GRANT HAS HERE- TOFORE BEEN OR MAY HEREAFTER BE MADE BY THE UNITED STATES OF AMERICA THROUGH THE FEDERAL EMERGENCY ADMINISTRATOR OF PUB- LIC WORKS. The General Assembly of North Carolina do enact:
That in all cases where proceedings have heretofore been taken or begun authorizing bonds by any municipality for any improvements, the financing of which shall be aided by a loan or grant or both by the United States of America through the Federal Emergency Administrator of Public Works, all such proceedings are hereby validated, ratified, approved and confirmed, notwithstanding any irregularity or defect in such proceedings, and notwithstanding any want of power of such municipality to take such proceedings or to authorize such bonds, and the issuance of bonds pursuant to such proceedings is hereby approved and authorized, and such bonds declared to be valid and enforceable obligations of such municipality.