All contracts, agreements, obligations and undertakings of Housing Authorities heretofore entered into relating to financing or aiding in the development, construction, maintenance or operation of any housing or redevelopment projects or to obtaining aid therefor from the federal government, including (without limiting the generality of the foregoing) loans and annual contribution contracts and leases with the federal government, agreements with municipalities or other public bodies (including agreements which are pledged or authorized to be pledged) for the protection of the holders of any notes or bonds issued by Housing Authorities or which are otherwise made a part of the contracts with such holders of notes or bonds relating to cooperation, contributions, grants or other local participation in aid of housing or redevelopment projects, payments (if any) in lieu of taxes, furnishing of municipal services and facilities, and the elimination of unsafe and unsanitary dwellings, and contracts for the construction or operation of housing projects, together with all proceedings, acts and works heretofore undertaken, performed or done with reference thereto, are hereby validated, ratified, confirmed, approved and declared legal in all respects, notwithstanding any defect or irregularity therein or any want of statutory authority.
History —May 15, 1951, No. 442, p. 1280, § 2.