Title 2, Chapter 10, Section 20
( 2-10-20)
All bonds shall be signed by the chairman of the authority, shall be
attested by the secretary thereof, and shall bear the official seal
of the authority. Any coupons attached thereto shall bear the
signature of the chairman of the authority and, if the resolution
authorizing the issuance of the bonds so provides, may be attested
by the secretary of the authority. Any coupon may bear the facsimile
signature of such persons. 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 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.
In case any officer whose signature appears on any bonds or whose
facsimile signature appears on any coupon ceases to be such officer
before the delivery of such bonds, such signature shall nevertheless
be as valid and sufficient for all purposes as if he had remained in
office until such delivery. |