The bonds shall be signed by the president of the authority and attested by its secretary; and a facsimile of the signatures of both of said officers may be printed or otherwise reproduced on any of the bonds in lieu of being manually signed if the proceedings under which the bonds are issued provides for the manual authentication of such bonds by a trustee or paying agent or by named individuals who are employees of the state and who are assigned to the Department of Finance or Office of the State Treasurer. The seal of the authority shall be impressed on the bonds, and a facsimile of said seal may be printed or otherwise reproduced on any of the bonds in lieu of being manually impressed thereon. Delivery of bonds so executed shall be valid notwithstanding any changes in officers subsequent to the signing of such bonds.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 3A - Alabama Public Health Finance Authority.
Section 22-3A-1 - Legislative Findings and Declarations.
Section 22-3A-2 - Definitions.
Section 22-3A-3 - Creation of Corporation; Members.
Section 22-3A-4 - Application.
Section 22-3A-5 - Certificate of Incorporation.
Section 22-3A-6 - Members; Officers; Terms; Records; Meetings; Appointment of Governor's Designee.
Section 22-3A-7 - Powers of Authority.
Section 22-3A-8 - Issuance of Bonds.
Section 22-3A-9 - Form of Bonds; Redemption Option.
Section 22-3A-10 - Authentication of Bonds.
Section 22-3A-11 - Sale of Bonds.
Section 22-3A-12 - Nature of Bonds.
Section 22-3A-13 - Tax Exemption; Use of Bonds as Security; Investment in Bonds.
Section 22-3A-14 - Refunding Bonds.
Section 22-3A-16 - Appropriation Made; Debt Service Reserve Fund Established.
Section 22-3A-17 - Obligations, etc., as Obligations of Authority and Not State.
Section 22-3A-18 - Investment of Proceeds From Bond Sale; When Authorized; Application of Income.
Section 22-3A-20 - Authority as Nonprofit Corporation.
Section 22-3A-21 - Dissolution of Authority.
Section 22-3A-22 - Payment by State Treasurer Authorized; Records.
Section 22-3A-23 - Approval of Allocations Other Than Those in Section 22-3a- 19(a) to Be Unanimous.
Section 22-3A-24 - Payments and Investment Agreements to Ensure Federal Tax Exemption.