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Bonds issued hereunder shall have all the qualities of negotiable paper and shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale thereof and shall be incontestable in the hands of bona fide purchasers or holders for value.

Acts 1957, No. 50, §1; Redesignated from La. Rev. Stat. 33:2732 pursuant to Acts 2011, No. 248, §4.