Sec. 5.
The refunding bonds shall be executed for and on behalf of the state by the state treasurer and the secretary of state or their respective deputies. The right of a deputy to so act shall not be limited by any other statute specifying the circumstances under which he may act for his principal. Interest coupons may be executed by affixing thereto the facsimile signature of the official designated to execute them. If an officer whose signature appears on the refunding bonds or attached coupons ceases to be such officer before delivery of the refunding bonds, his signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until delivery.
History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
Structure Michigan Compiled Laws
Section 254.361 - Refunding Bonds; Issuance, Purpose.
Section 254.363 - Refunding Bonds; Issuance and Sale, Terms and Conditions.
Section 254.364 - Refunding Bonds; Negotiability and Tax Exemption.
Section 254.365 - Refunding Bonds; Execution, Officers, Manner.
Section 254.366 - Issuance and Sale of Refunding Bonds; Approval of Board, Commission or Agency.
Section 254.367 - Public Sale; Terms and Conditions; Disposition of Proceeds.
Section 254.368 - Powers of Commission.
Section 254.369 - Repealed. 2005, Act 329, Imd. Eff. Dec. 28, 2005
Section 254.370 - Fixing of Tolls, Fees, Rents, and Charges; Commission Powers, Legislative Intent.
Section 254.371 - Operation of Bridge as Part of State Highway System; Expenses, Tolls and Fees.
Section 254.372 - Employees of Authority; Transfer to Commission, Credit for Time.