All bonds shall be signed by the chairman or vice-chairman and the secretary or treasurer of the authority and the seal of the authority shall be affixed thereto. A facsimile of the signature of one, but not both, of the officers whose signatures will appear on the bonds may be imprinted or otherwise reproduced thereon in lieu of his manually signing the same; provided, however, that a facsimile of the signature of both such officers may be imprinted or reproduced on such bonds if such bonds are required to be authenticated by the manual signature of the duly designated registrar of such bonds, or an authorized officer of such registrar; 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 chairman or vice-chairman and the secretary or treasurer of the authority, but a facsimile of the signature of such chairman or vice-chairman and such secretary or treasurer may be impressed or otherwise reproduced on any such 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 37 - Public Utilities and Public Transportation.
Chapter 13 - Incorporation of Railroad Authorities as Public Corporations.
Section 37-13-1 - Definitions.
Section 37-13-2 - Authority and Procedure to Incorporate.
Section 37-13-3 - Certificate of Incorporation - Contents.
Section 37-13-4 - Certificate of Incorporation - Execution and Recordation.
Section 37-13-5 - Board of Directors of Authority.
Section 37-13-6 - Officers of Authority.
Section 37-13-7 - Powers of Authority Generally.
Section 37-13-8 - Acceptance, etc., of Federal and State Aid Authorized.
Section 37-13-9 - Cooperation of Cities, Counties, Etc.
Section 37-13-10 - Suits Against Manager or Director of Authority.
Section 37-13-11 - Bonds of Authority - Generally.
Section 37-13-12 - Bonds of Authority - Execution.
Section 37-13-13 - Bonds of Authority - Security.
Section 37-13-14 - Bonds of Authority - Disposition of Proceeds From Sale of Bonds.
Section 37-13-15 - Bonds of Authority - Refunding Bonds.
Section 37-13-16 - Bonds of Authority - Exemption From Taxation.
Section 37-13-17 - Investment of County and Municipal Funds in Bonds of Authority.
Section 37-13-18 - Eligibility of Bonds as Investments for Trust Funds.