508. Before being delivered, every bond issued by the Council shall be stamped with the seal of the Ministère des Affaires municipales, des Régions et de l’Occupation du territoire and provided with a certificate of the Minister of Municipal Affairs, Regions and Land Occupancy or of a person specially authorized by him testifying that the resolution authorizing the issue thereof has been approved by the Minister of Municipal Affairs, Regions and Land Occupancy and that such bond is issued in accordance with that resolution.
Every bond issued by virtue of a resolution approved by the Minister of Municipal Affairs, Regions and Land Occupancy that bears such seal and certificate is valid and its validity cannot be contested for any reason.
This section does not apply to any issue of bonds made or to any loan contracted after 7 March 1982.
1976, c. 39, s. 2; 1977, c. 5, s. 14; 1981, c. 27, s. 15; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2009, c. 26, s. 109.