Title 50, Chapter 9, Section 32
( 50-9-32)
In case any officer whose signature appears on any bonds or whose
facsimile signature appears on any coupon ceases 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 the 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 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. |