§ 5-1.2-4-16 — Bonds; execution; manual or facsimile signatures

Indiana § 5-1.2-4-16

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 4: General Powers and Duties

Text

Any bonds issued by the authority under this
article shall be executed by the manual or facsimile, except as
otherwise provided in this article, signatures of the officers or agents
of the authority that the authority designates. If bonds are issued
pursuant to a trust indenture, the manual authentication of each bond
by the trustee shall be required. If bonds are issued without a trust
indenture or trustee, at least one (1) of the officers or agents of the
authority shall manually execute each bond. If any of the members or
officers of the authority shall cease to be members or officers of the
authority before the delivery of any bonds or coupons signed by them,
their signatures or facsimiles shall nevertheless be valid and sufficient
for all purposes, the same as if the members or officers had remained
in office until the delivery. Pending preparation of the definitive bonds,
the authority may issue interim receipts or certificates, which must be
exchanged for the definitive bonds.

Legislative History

As added by P.L.189-2018, SEC.25.