Indiana § 36-7-23-25 Execution, attestation, and authentication of bonds

Indiana Statutes

§ 36-7-23-25 — Execution, attestation, and authentication of bonds

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 23 Multiple County Infrastructure Authority

The bonds:

(1)shall be executed by the manual or facsimile signature of the chair of the board;

(2)shall be attested by the manual or facsimile signature of the secretary of the board;

(3)shall be imprinted or impressed with the seal of the authority;

(4)may be authenticated by a trustee, registrar, or paying agent; and

(5)constitute valid and binding obligations of the authority, even if the chair, the secretary, or both, whose manual or facsimile signature appears on the bond, no longer hold those offices.

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The bonds:
(1) shall be executed by the manual or facsimile signature of the
chair of the board;
(2) shall be attested by the manual or facsimile signature of the
secretary of the board;
(3) shall be imprinted or impressed with the seal of the authority;
(4) may be authenticated by a trustee, registrar, or paying agent;
and
(5) constitute valid and binding obligations of the authority, even
if the chair, the secretary, or both, whose manual or facsimile
signature appears on the bond, no longer hold those offices.

Indiana § 36-7-23-25 (Execution, attestation, and authentication of bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.