In case any officer whose signature shall appear on any bonds or whose facsimile signature shall appear on any coupon shall cease 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 of the authority and the official seal of the authority shall be affixed thereto and attested by the secretary of the authority, and any coupons attached thereto shall bear the signature or facsimile signature of the 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 to 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. 1953, Jan.-Feb. Sess., p. 626, § 17; Ga. L. 1955, p. 124, § 18; Ga. L. 1967, p. 385, § 17; Code 1933, § 95A-1217, enacted by Ga. L. 1973, p. 947, § 1.
Structure Georgia Code
Title 32 - Highways, Bridges, and Ferries
Chapter 10 - Public Authorities
Article 1 - Georgia Highway Authority
§ 32-10-30. Power of Authority to Issue Bonds Generally; Attributes of Bonds Generally
§ 32-10-32. Form and Issuance of Bonds
§ 32-10-33. Signing Bonds; Affixing Authority’s Seal to Bonds
§ 32-10-34. Bonds as Negotiable Instruments; Tax Exemption
§ 32-10-36. Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds
§ 32-10-37. Replacement of Lost or Mutilated Bonds
§ 32-10-38. Resolutions for Bond Issuance; Issuance of Bonds of a Single Issue
§ 32-10-39. Effect of Bond Issuance on State Debt; Recitals on Face of Bonds Regarding Such Effect
§ 32-10-40. Trust Indentures as Security for Bonds
§ 32-10-41. Payment of Bond Proceeds to Trustee
§ 32-10-42. Pledges of Revenues, Rents, and Earnings; Creation and Disposition of Sinking Funds
§ 32-10-45. Investment of Funds in Bonds; Deposit of Bonds as Securities
§ 32-10-46. Protection of Interests and Rights of Bondholders
§ 32-10-47. Confirmation and Validation of Bonds
§ 32-10-48. Adjudication Regarding Lease Contracts and Rental Income
§ 32-10-49. Covenant With Holders of Bonds as to Tax-Exempt Status of Authority Property and Bonds