Title 12, Chapter 3, Section 254
( 12-3-254)
In case any officer whose signature shall appear on any bonds or
whose facsimile signature shall appear on any coupon shall cease to
be such officer before the delivery of such bonds, such signature
shall nevertheless be valid and sufficient for all purposes the same
as if he had remained in office until such delivery. All such bonds
shall be signed by the chairman of the authority, and the official
seal of the authority shall be affixed thereto and attested by the
secretary of the authority; and any coupons attached thereto shall
bear the signature or facsimile signature of the chairman of the
authority. Any coupon may bear the facsimile signature of such
person, and any bond may be signed, sealed, and attested on behalf
of the authority by such persons, as at the actual time of the
execution of such bonds shall be duly authorized to so sign, seal,
or attest or shall hold the proper office, although at the date of
such bonds such persons may not have been so authorized or shall not
have held such office. |