In case any officer whose signature or facsimile signature appears on any revenue bonds ceases to be an officer before the delivery of the revenue bonds, the signature or facsimile signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until the delivery. All such revenue bonds shall be signed by or bear the facsimile signature of the chairman or vice chairman of the board of governors of the authority, and the official seal of the authority shall be affixed thereto and attested by or bear the facsimile signature of the secretary or assistant secretary of the authority; and any bond may be signed, sealed, and attested on behalf of the authority by any such persons as at the actual time of the execution of the revenue bonds shall be duly authorized or hold the proper office, although at the date of the issuance of the revenue bonds such person may not have been so authorized or shall not have held such office. The facsimile signature of any officer of the authority may be imprinted in lieu of manual signature if the authority so directs.
History. Code 1981, § 10-9-42 , enacted by Ga. L. 1988, p. 556, § 4.
Structure Georgia Code
Chapter 9 - Geo. L. Smith Ii Georgia World Congress Center
§ 10-9-40. Issuance of Bonds Authorized; Purpose
§ 10-9-41. Terms and Conditions of Bonds; Form
§ 10-9-44. Sale of Bonds; Interest Rate
§ 10-9-45. Use of Proceeds; Issuance of Additional Bonds in Case of Deficit; Use of Surplus
§ 10-9-46. Interim Revenue Receipts, Certificates, or Bonds
§ 10-9-47. Replacement of Mutilated, Destroyed, or Lost Bonds
§ 10-9-48. Proceedings and Conditions for Issuance; Resolution
§ 10-9-49. Lease of Facilities; Terms and Conditions; Contracts With Public Entities
§ 10-9-50. Enforceability Against Authority; Limitation on State Liability
§ 10-9-52. Enforcement of Rights by Bondholder, Receiver, or Indenture Trustee
§ 10-9-53. Payment of Sale Proceeds to Trustee
§ 10-9-56. Bonds Made Securities for Investment and Deposit Purposes
§ 10-9-57. Validation of Bonds; Applicability of “Revenue Bond law.”
§ 10-9-58. Legislative Findings; State Covenants
§ 10-9-59. Inapplicability of “Georgia Uniform Securities Act of 2008.”