§ 412. Bond; qualities of negotiable instruments; rights of holders.

All bonds issued hereunder 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 a bona fide purchaser for value. No proceedings in respect to the issuance of such bonds shall be necessary except such as are required by this act and by section 189.4085, Florida Statutes. The provisions of this act shall constitute an irrevocable contract between the authority and the holders of any such bonds or coupons thereof issued pursuant to the provisions hereof. Any holder of such bonds may either at law or in equity, by suit, action, or mandamus, enforce and compel the performance of the duties required by this act or of any of the officers of persons herein mentioned in relation to said bonds, or the levy, assessment, collection, and enforcement and application of the revenues, assessments, or other funds pledged for the payment of the principal and interest thereof.

(Ch. 94-491, § 13)