[Answered] Failure by a school board to follow the legislatively prescribed requirements for issuance of bonds ...

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ashley

Hero Member
Posts: 584

on: Jul 31, 2018

Failure by a school board to follow the legislatively prescribed requirements for issuance of bonds renders the bonds illegal.

Indicate whether the statement is true(T) or false(F).

Question 2

Issuance of bonds without statutory authority is an ultra vires act.

Indicate whether the statement is true(T) or false(F).

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jgranad15

Sr. Member
Posts: 345

Reply #1 on: Jul 31, 2018

Answer to Question 1

T

Answer to Question 2

T

ashley

Hero Member
Posts: 584

Reply #2 on: Jul 31, 2018

Both answers were spot on, thank you once again

jgranad15

Sr. Member
Posts: 345

Reply #3 on: Jul 31, 2018

Great! Please up vote

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