Title 32, Chapter 10, Section 93
( 32-10-93)
All bonds issued by the authority shall be executed in the name of
the authority by the chairperson and secretary of the authority and
shall be sealed with the official seal of the authority or a
facsimile thereof. The facsimile signatures of the chairperson and
secretary of the authority may be imprinted thereon in lieu of the
manual signatures of such officers if the authority so directs in
the resolution authorizing such bonds or otherwise. In case any
officer whose manual or facsimile signature shall appear on any
bonds 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 or she had remained in office until
such delivery. |