§ 3909. — 3909. (Added by Stats. 1958, 1st Ex. Sess., Ch. 103.)

California § 3909.

• Jurisdiction: California
• Code HNC: Harbors and Navigation Code - HNC
• Div. 6.: DIVISION 6. HARBORS AND PORTS
• Part 4.: PART 4. HARBOR DEVELOPMENT BOND LAW OF 1958
• Ch. 1.: CHAPTER 1. General Provisions

Text

All bonds issued under this part shall bear the facsimile signature of the Governor and the facsimile countersignature of the Controller and shall be endorsed by the State Treasurer by facsimile signature and the bonds shall be signed, countersigned and endorsed by the officers who shall be in office on the date of the adoption of the resolution of the committee, and each of the bonds shall bear a facsimile of the Great Seal of the State of California. Interest coupons attached to each bond shall bear the facsimile signature of the State Treasurer who shall be in office on the date of the adoption of the resolution of the committee. The bonds and coupons so signed, countersigned, endorsed and sealed, when sold and delivered, shall be and constitute a valid and binding obligation upon the State of California, although the sale or delivery thereof be made at a date or dates upon which the officers having signed, countersigned and endorsed the bonds, or any or either of such officers, shall have ceased to be the incumbents of the offices held by them at the time of signing, countersigning, or endorsing such bonds. Each bond issued under this part shall contain a clause or clauses stating that interest shall cease to accrue thereon from and after the date of maturity thereof, and referring to the resolution of the committee, by virtue of which the bond is issued.

Legislative History

Added by Stats. 1958, 1st Ex. Sess., Ch. 103.