All warrants shall be signed by the president or vice-president of the corporation, and the seal of the corporation shall be affixed thereto and attested by its secretary. They shall be drawn on the treasurer or depository of the funds of the corporation. Coupons shall be signed by the president or vice-president of the corporation, but a facsimile of the signature of such president or vice-president may be impressed on any such interest coupons in lieu of his manually signing the same. Delivery of warrants so executed shall be valid notwithstanding any changes in officers or in the seal of the corporation after the signing and sealing of the warrants.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 15 - Public Building Authorities.
Section 11-15-1 - Definitions.
Section 11-15-2 - Legislative Intent; Construction of Chapter.
Section 11-15-3 - Authority and Procedure for Incorporation.
Section 11-15-4 - Certificate of Incorporation - Contents; Approval.
Section 11-15-5 - Certificate of Incorporation - Recordation.
Section 11-15-6 - Directors and Officers; Records of Proceedings.
Section 11-15-7 - Powers Generally.
Section 11-15-8 - Leasing of Projects to Counties.
Section 11-15-11 - Warrants - Execution and Delivery.
Section 11-15-12 - Warrants - Security for Payment of Principal and Interest.
Section 11-15-13 - Warrants - Disposition of Proceeds From Sale.
Section 11-15-14 - Refunding Warrants.
Section 11-15-15 - Investment of County Funds in Warrants.
Section 11-15-16 - Conveyance of Property to Corporation by County.
Section 11-15-17 - Projects, Income From Leases, Warrants, etc., Exempt From Taxation.