Validity of indebtedness

All warrants and other evidences of indebtedness allowed and issued by any county quorum court or judge of any county court, or by any city or town council or the mayor and clerk thereof, or which may be so allowed and issued for the aid of improvement districts in cities and towns, are declared to be valid and negotiable. Acts 1924 (3rd Ex. Sess.), No. 3, § 1; A.S.A. 1947, § 20-219. All warrants and other evidences of indebtedness allowed and issued by any county quorum court or judge of any county court, or by any city or town council or the mayor and clerk thereof, or which may be so allowed and issued for the aid of improvement districts in cities and towns, are declared to be valid and negotiable. Acts 1924 (3rd Ex. Sess.), No. 3, § 1; A.S.A. 1947, § 20-219.