§ 41-10-499 — Execution of Bonds and Notes

Alabama § 41-10-499

• Jurisdiction: Alabama
• Title 41: State Government
• Ch. 10: Authorities
• Art. 15: Alabama State Parking Deck Authority

Text

The bonds and notes of the authority shall be executed by the manual or facsimile signature of either its president or its secretary, as shall be provided in the resolution under which such securities shall be issued, and the seal of the authority or a facsimile thereof shall be affixed to any bonds so issued and attested by the manuals or facsimile signature of its secretary; provided, that if bonds are executed entirely by facsimile, such bonds shall be authenticated by the manual signature of the bond trustee, registrar, or paying agent or by named individuals who are employees of the state and who are assigned to the Department of Finance or office of the State Treasurer. The seal of the authority shall be impressed on the bonds, and a facsimile of said seal may be printed or otherwise reproduced on any of the bonds in lieu of being manually impressed thereon. If, after any of the bonds shall be so signed, whether manually or by facsimile, any such officer shall for any reason vacate his or her said office, the bonds so signed may nevertheless be delivered at any time thereafter as the act and deed of the authority.

Legislative History

(Acts 1990, No. 90-603, p. 1094, §10.)