Title 42, Chapter 3, Section 8
( 42-3-8)
In case any officer whose signature shall appear on any bonds or
whose facsimile signature shall appear on any coupon shall cease to
be an officer before the delivery of the bonds, the signature shall
nevertheless be valid and sufficient for all purposes the same as if
he had remained in office until delivery. All 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. 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 the bonds shall be
duly authorized or hold the proper office, although at the date of
the bonds the persons may not have been so authorized or shall not
have held such office. |