Title 10, Chapter 9, Section 42
( 10-9-42)
In case any officer whose signature or facsimile signature appears
on any revenue bonds ceases to be an officer before the delivery of
the revenue bonds, the signature or facsimile signature shall
nevertheless be valid and sufficient for all purposes the same as if
he had remained in office until the delivery. All such revenue bonds
shall be signed by or bear the facsimile signature of the chairman
or vice chairman of the board of governors of the authority, and the
official seal of the authority shall be affixed thereto and attested
by or bear the facsimile signature of the secretary or assistant
secretary of the authority; and any bond may be signed, sealed, and
attested on behalf of the authority by any such persons as at the
actual time of the execution of the revenue bonds shall be duly
authorized or hold the proper office, although at the date of the
issuance of the revenue bonds such person may not have been so
authorized or shall not have held such office. The facsimile
signature of any officer of the authority may be imprinted in lieu
of manual signature if the authority so directs. |