The validity of the authorization and issuance of any revenue bonds or revenue bond anticipation notes by the board is not dependent on nor affected in any way by:
- (a) Proceedings taken by the board for the acquisition, construction or completion of any project or any part thereof.
- (b) Any contracts made by the board in connection with the acquisition, construction or completion of any project.
- (c) The failure to complete any project for which bonds or notes are authorized to be issued.