§ 11-57-102 — Form - payment and transfer of securities

The securities
described in section 11-57-101 shall be in such registered or bearer form, with or
without interest coupons; be subject to such conditions for transfer; be subject to
such provisions for conversion as to denomination or to bearer or registered form;
be made registerable or payable, or both, by the treasurer or other officer of the
issuing entity, or by such trustee, registrar, paying agent, or transfer agent within or
without this state; be issued, transferred, and registered by such book entry; be in
such denomination or denominations; bear such dates, signatures, and
authentications; and be held in custody by such depository within or without this
state, all as may be determined by the entity or the governing body of the entity
authorized or empowered to issue such securities. Payment at designated due
dates or in installments may be required by the authorizing proceedings to be by
check, draft, or other medium of payment and need not be conditioned upon
presentation of any security or coupon. Signatures on any printed securities issued
under this article or any other statute may be manually subscribed or by facsimile,
but any such printed security, other than an interest coupon, shall bear at least one
manual signature, which, notwithstanding the provisions of section 11-55-103 (1) or
any other law, may be that of an official of the issuing entity or of the trustee,
registrar, or transfer agent.

Legislative History

Source: L. 83: Entire article added, p. 510, � 1, effective April 21.