All bonds shall be signed by the president or vice president and the secretary or treasurer of the authority and the seal of the authority shall be affixed thereto; provided that a facsimile of the signature of one, but not both, of the officers whose signatures will appear on the bonds may be imprinted thereon in lieu of his manually signing the same; and provided further, that a facsimile of the seal of the authority may be imprinted or otherwise reproduced on the bonds in lieu of being manually affixed thereto. Coupons shall be signed by the president or vice president and the secretary or treasurer of the authority, but a facsimile of the signature of such president or vice president and such secretary or treasurer may be imprinted on any such interest coupons in lieu of their manually signing the same. Delivery of bonds so executed shall be valid notwithstanding any changes in officers or in the seal of the authority after the signing and sealing of the bonds.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 94 - Port Authorities.
Section 11-94-1 - Definitions.
Section 11-94-2 - Legislative Intent; Liberal Construction of Chapter.
Section 11-94-4 - Certificate of Incorporation - Contents; Execution and Acknowledgment.
Section 11-94-8 - Officers of Authority.
Section 11-94-9 - Powers of Authority; Location of Projects.
Section 11-94-11 - Bonds of Authority - Execution.
Section 11-94-12 - Bonds of Authority - Indenture; Lien; Remedies of Bondholders.
Section 11-94-13 - Bonds of Authority - Application of Proceeds.
Section 11-94-14 - Refunding Bonds.
Section 11-94-16 - Disposition of Net Earnings.
Section 11-94-17 - Bonds of Authority as Legal Investments.
Section 11-94-18 - Dissolution of Authority; Vesting of Title to Funds and Property of Authority.
Section 11-94-19 - Exemption From Taxation and Fees.
Section 11-94-20 - Exemption From Usury and Interest Laws.
Section 11-94-21 - Construction of Chapter.
Section 11-94-22 - Applicability of Article 5 of Chapter 6 of Title 8.
Section 11-94-23 - Correction of Errors or Omissions in Incorporation.
Section 11-94-24 - Validation of Incorporation of Certain Port Authorities.
Section 11-94-25 - Revenues to Be Used for Paying Bonds of Authorities.