If an officer of the corporation whose signature or a facsimile of whose signature appears on bonds or coupons attached to them ceases to be an officer before the delivery of the bond or coupon, the signature or facsimile is valid the same as if the person had remained in office until delivery.
Structure Alaska Statutes
Title 42. Public Utilities and Carriers and Energy Programs
Chapter 40. Alaska Railroad Corporation
Sec. 42.40.600. General provisions.
Sec. 42.40.610. Negotiable instruments.
Sec. 42.40.620. Bonds eligible for investment.
Sec. 42.40.630. Payment of bonds.
Sec. 42.40.640. Security for bonds.
Sec. 42.40.650. Independent financial advisor.
Sec. 42.40.660. Validity of signatures.
Sec. 42.40.670. Validity of pledge.
Sec. 42.40.675. Pledge of the state.
Sec. 42.40.690. Credit of state not pledged.