Validity of Authorization and Issuance of Revenue Bonds

COL120106 CH. 17 THE UNIVERSITY OF GUAM REVENUE BOND A CT OF 1966 The validity of the authorization and issuance of any bonds by the Board, with the approval of the Governor, is not dependent on nor affected in any way by:

(a)Proceedings taken by or for or in lieu of the Board for the acquisition, construction or completion of any project or any part thereof.

(b)Any contracts made by or for in lieu of the Board in connection with the acquisition, construction or completion of any project.

(c)The failure to complete any project for which bonds are authorized to be issued.