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This entry was published on 2014-09-22
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SECTION 52.00
Recital of validity in obligations
Local Finance (LFN) CHAPTER 33-A, ARTICLE 2, TITLE 4
§ 52.00 Recital of validity in obligations. Any obligation issued by a
municipality, school district or district corporation may contain on its
face a recital in substantially the following form:

"It is hereby certified and recited that all conditions, acts and
things required by the Constitution and statutes of the State of New
York to exist, to have happened and to have been performed precedent to
and in the issuance of this (Here insert type of obligation), exist,
have happened and have been performed, and that the issue of (Here
insert type of obligations) of which this is one, together with all
other indebtedness of such (Here insert name of municipality, school
district or district corporation) is within every debt and other limit
prescribed by the Constitution and laws of such State."