All securities of an authority shall be signed in the name and on behalf of the authority by the chair or vice-chair of the board, and the seal of the authority shall be affixed thereto and attested by its secretary or an assistant secretary. Notwithstanding the foregoing, a facsimile of the signature of one or both of the officers whose signature will appear on the securities may be imprinted or otherwise reproduced on any thereof in lieu of manually signing the same, but in the event both signatures are imprinted or otherwise reproduced thereon in facsimile, the securities shall be authenticated on behalf of the registrar therefor by a manual signature. A facsimile of the seal of the authority may be imprinted, or otherwise reproduced, on any securities in lieu of being manually affixed thereto. If after any securities shall be so signed, whether manually or by facsimile, and any officer shall, for any reason, vacate office, the securities so signed may nevertheless be delivered at any time thereafter as the act and deed of the authority.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 101A - Acquisition of Real and Personal Property for Lease to United States.
Section 11-101A-1 - Legislative Intent.
Section 11-101A-2 - Definitions.
Section 11-101A-3 - Application to Incorporate Authority.
Section 11-101A-4 - Incorporation of Authority.
Section 11-101A-5 - Amendment to Certificate of Incorporation.
Section 11-101A-6 - Board of Directors.
Section 11-101A-8 - Powers of Authority.
Section 11-101A-9 - Eminent Domain.
Section 11-101A-10 - Powers of Authorizing Subdivision.
Section 11-101A-11 - Sale of Securities.
Section 11-101A-12 - Refunding Securities; Limitations.
Section 11-101A-13 - Signature and Seal.
Section 11-101A-15 - Use of Proceeds.
Section 11-101A-16 - Obligations Rest With Authority.
Section 11-101A-17 - Securities Are Legal Investments.
Section 11-101A-18 - Exemption From Usury Laws.
Section 11-101A-19 - Authorization of Securities.
Section 11-101A-20 - Investments.
Section 11-101A-21 - Exemption From Taxation.
Section 11-101A-22 - Applicability of Certain Competitive Bidding Provisions.
Section 11-101A-23 - Public Corporation.
Section 11-101A-24 - Dissolution.
Section 11-101A-25 - Effect of Formation or Dissolution on Incorporation of Another Authority.
Section 11-101A-26 - Authorities Governed Exclusively by Chapter.