In case any officer whose signature appears on any bonds or whose facsimile signature appears on any coupon ceases to be such officer before the delivery of such bonds, such signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. All such bonds shall be signed by the chairman or vice-chairman of the authority, and the official seal of the authority shall be affixed thereto and attested by the secretary or assistant secretary of the authority; and any coupons attached thereto shall bear the signature or facsimile signature of the chairman or vice-chairman of the authority. Any coupon may bear the facsimile signature of such person, and any bond may be signed, sealed, and attested on behalf of the authority by such persons as at the actual time of the execution of such bonds shall be duly authorized or hold the proper office, although at the date of such bonds such persons may not have been so authorized or shall not have held such office.
History. Ga. L. 1962, p. 736, § 13; Ga. L. 1969, p. 397, § 2.
Structure Georgia Code
Title 12 - Conservation and Natural Resources
Chapter 3 - Parks, Historic Areas, Memorials, and Recreation
Article 7 - Public Authorities
Part 3 - Lake Lanier Islands Development Authority
§ 12-3-314. Powers of Authority Generally
§ 12-3-315. Exercise of Police Powers by Authority; Delegation of Powers
§ 12-3-317. Lease Payments by Authority as Constituting Good, Valuable, and Sufficient Consideration
§ 12-3-320. Power of Authority to Survey, Subdivide, Improve, and Lease Island Property
§ 12-3-321. Restrictions Under Lease; Restrictions on Subleasing
§ 12-3-322. Leasing of Property by Competitive Bidding
§ 12-3-325. Revenue Bonds — Signatures; Seal
§ 12-3-328. Revenue Bonds — Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds
§ 12-3-329. Revenue Bonds — Replacement of Mutilated, Destroyed, or Lost Bonds
§ 12-3-332. Revenue Bonds — Securing by Trust Indenture
§ 12-3-333. Revenue Bonds — Designation of Recipient of Bond Proceeds
§ 12-3-335. Revenue Bonds — Remedies of Bondholders, Coupon Holders, and Trustees
§ 12-3-336. Revenue Bonds — Revenue Refunding Bonds
§ 12-3-338. Revenue Bonds — Validation
§ 12-3-339. Authority Property, Activities, Income, and Bonds Exempt From Taxation and Assessment