(a) The bonds shall be executed by the Chair of the State Board of Education and the Secretary of the State Board of Education.
(b) The coupons attached to the bonds shall be executed by the facsimile signature of the chair of the state board.
(c) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be officers before the delivery of those bonds or coupons, their signatures shall, nevertheless, be valid and sufficient for all purposes.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 10 - Revolving Loan Program — Alternative State Financing
§ 6-20-1003. Authority to engage and pay for professional help
§ 6-20-1004. Authority to issue bonds
§ 6-20-1005. Maximum amount of bonds
§ 6-20-1006. Authorizing resolution — Nature and contents of bonds
§ 6-20-1007. Issuance and designation of bonds
§ 6-20-1008. Sale and award of bonds
§ 6-20-1009. Execution of bonds — Signatures
§ 6-20-1010. Deposit of proceeds
§ 6-20-1012. Validation of bonds and certificates
§ 6-20-1014. Investment of retirement system funds
§ 6-20-1016. Prohibition on creation of rights
§ 6-20-1017. Purchase of bonds and certificates by Treasurer of State