All bonds of an authority shall be signed in the name and behalf of the authority by its chair or vice-chair, and the seal of the authority shall be affixed thereto and attested by its secretary or an assistant secretary. Notwithstanding the foregoing, facsimiles of the signatures of the officers may be imprinted or otherwise reproduced on any of the bonds in lieu of the officers manually signing the same so long as the related indenture or other authorizing proceedings provide for the manual authentication of the bonds by a trustee or paying agent, and provided further that a facsimile of the seal of the authority may be imprinted, or otherwise reproduced, on any of the bonds in lieu of being manually affixed thereto. If, after any of the bonds are so signed, whether manually or by facsimile, any officer shall, for any reason, vacate his or her office, the bonds 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 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 47 - Powers, Duties and Liabilities Generally.
Article 9 - Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities.
Section 11-47-210 - Definitions.
Section 11-47-210.1 - Legislative Findings and Declarations.
Section 11-47-215 - Certificate of Incorporation of Authorities - Contents.
Section 11-47-217 - Boards of Directors of Authorities.
Section 11-47-220 - Construction of Article.
Section 11-47-223 - Bonds of an Authority - Signature and Seal.
Section 11-47-227 - Construction of Bonds as Negotiable Instruments.
Section 11-47-228 - Exemption From Taxation.
Section 11-47-230 - Compliance With State Laws Governing Competitive Bidding.
Section 11-47-231 - Bonds as Legal Investments.
Section 11-47-232 - Authority as Nonprofit Corporation.
Section 11-47-234 - Eminent Domain.
Section 11-47-237 - Application of State Ethics Act to Members of Authorities.
Section 11-47-238 - Relationship of Article to Other Laws.
Section 11-47-239 - Construction of Article to Effect Its Purpose.