Sec. 10. Signatures of Officers on Bonds─Validity of Bonds. The bonds and any coupons shall bear the manual or facsimile signatures of the executive officer and the recording officer of the county or municipality and any coupons shall bear the facsimile signature of one (1) or more of these officers. These signatures shall be the valid and binding signatures of these officers, notwithstanding that before delivery and payment, any or all of the individuals whose signatures appear have ceased to be officers of the county or municipality issuing the bonds. The validity of the bonds is not dependent on nor affected by the validity or regularity of any proceedings relating to the home mortgages for which the bonds are issued. The ordinance authorizing the bonds may provide that the bonds shall contain a recital that they are issued pursuant to this chapter, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.
As added by Acts 1979, P.L.47, SEC.1. Amended by Acts 1981, P.L.62, SEC.9.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 2. Financing of Housing
5-20-2-1. Legislative Findings; Declaration of Purpose
5-20-2-10. Signatures of Officers on Bonds; Validity of Bonds
5-20-2-12. Liability for Bonds
5-20-2-13. Exemption From Contract and Bidding Requirements; Real Property Bid Submitted by Trust
5-20-2-14. Tax Exemption for Bonds
5-20-2-16. Securities Exemption
5-20-2-17. Antitrust Exemption
5-20-2-18. Powers Conferred as Additional and Supplemental; Limitations Imposed; Effect