222. Every bond or debenture, before delivery thereof, shall bear the seal of the Ministère des Affaires municipales, des Régions et de l’Occupation du territoire and a certificate of the Minister of Municipal Affairs, Regions and Land Occupancy, or of any person specially authorized by the latter, establishing that the resolution authorizing the issue of such bond or debenture has been approved by the Government or the Minister of Municipal Affairs, Regions and Land Occupancy, as the case may be, and that such bond or debenture is issued in conformity with such resolution.
Every bond or debenture issued in virtue of a resolution approved by the Government or the Minister of Municipal Affairs, Regions and Land Occupancy, as the case may be, and bearing such seal and such certificate shall be valid, and its validity shall not be contested for any reason whatsoever.
This section does not apply to any loan contracted after 7 March 1982.
R. S. 1964, c. 235, s. 233; 1977, c. 5, s. 14; 1981, c. 27, s. 8; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2009, c. 26, s. 109.