Section 52.00. Recital of validity in obligations

Any obligation issued by a
  municipality, school district or district corporation may contain on its
  face a recital in substantially the following form:
    "It  is  hereby  certified  and  recited that all conditions, acts and
  things required by the Constitution and statutes of  the  State  of  New
  York  to exist, to have happened and to have been performed precedent to
  and in the issuance of this (Here insert  type  of  obligation),  exist,
  have  happened  and  have  been  performed,  and that the issue of (Here
  insert type of obligations) of which this  is  one,  together  with  all
  other  indebtedness  of  such  (Here insert name of municipality, school
  district or district corporation) is within every debt and  other  limit
  prescribed by the Constitution and laws of such State."