§ 5-1.3-6-4 — Execution

Indiana § 5-1.3-6-4

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.3: LEASE FINANCING FOR RAIL PROJECTS FOR
• Ch. 6: Bonds and Notes

Text

(a) The bonds or notes of the IFA:
(1) shall be executed by the manual or facsimile signature of the
chairperson or vice chairperson of the IFA;
(2) shall be attested by the manual or facsimile signature of the
public finance director for the IFA;
(3) shall be imprinted or impressed with the seal of the IFA by
any means;
(4) may be authenticated by a trustee, registrar, or paying agent;
and
(5) constitute valid and binding obligations of the IFA, even if the
chairperson, vice chairperson, or public finance director whose
manual or facsimile signature appears on the bonds or notes no
longer holds that office.
(b) The bonds or notes of the NWIRDA:
(1) shall be executed by the manual or facsimile signature of the
chairperson or vice chairperson of the NWIRDA;
(2) shall be attested by the manual or facsimile signature of the
secretary-treasurer of the NWIRDA;
(3) may be authenticated by a trustee, registrar, or paying agent;
and
(4) constitute valid and binding obligations of the NWIRDA, even
if the chairperson, vice chairperson, or secretary-treasurer whose
manual or facsimile signature appears on the bonds or notes no
longer holds that office.

Legislative History

As added by P.L.189-2018, SEC.26.