§ 21-34-6-18 — Execution of bonds and coupons

Indiana § 21-34-6-18

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 34: STATE EDUCATIONAL INSTITUTIONS:
• Ch. 6: Issuance of Bonds

Text

(a) Bonds and coupons appertaining to
bonds shall be executed in the name of the issuing state educational
institution by the manual or facsimile signatures of the officer or
officers of the state educational institution that the board of trustees of
the state educational institution designates.
(b) One (1) signature on the obligation must be manual and may be
either the signature of one (1) of the officers or of any trustee, fiscal
agent, or other fiduciary charged with authenticating the bonds.
(c) The seal or a facsimile of the seal of the state educational
institution shall be affixed, imprinted, engraved, or otherwise
reproduced on each bond.
(d) If any officer whose manual or facsimile signature appears on
any bond or coupon ceases to be an officer before the delivery of the
bonds, the officer's signature is valid and sufficient for all purposes as
if the officer had remained in office until delivery.
(e) The resolution or indenture under which the bonds are issued
may provide for the authentication of the bonds by the trustee, fiscal
agent, or other fiduciary designated in the resolution or indenture.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-8.]

Legislative History

As added by P.L.2-2007, SEC.275.