In the event that any of the members or officers of the board of directors of the company shall cease to be members or officers of the board prior to the delivery of any bonds signed by them, their signatures or facsimiles thereof shall nevertheless be valid and sufficient for all purposes, the same as if such members or officers had remained in office until such delivery.
Structure Mississippi Code
Title 57 - Planning, Research and Development
Chapter 10 - Small Business Assistance
Article 7 - Mississippi Small Business Financing Act
§ 57-10-203. Legislative findings and declarations
§ 57-10-207. General powers of board of directors
§ 57-10-209. Issuance and refunding of bonds; methods for financing projects
§ 57-10-211. Participation with lenders in making or purchasing loans
§ 57-10-213. Issuance of bonds to finance projects of eligible businesses
§ 57-10-215. Insurance or guaranty fund
§ 57-10-217. Security for bonds or instruments
§ 57-10-219. Premiums and fees for financial assistance
§ 57-10-221. Applicability of debt limitation or restriction
§ 57-10-223. Procedure for public hearings and approval
§ 57-10-227. Investment in, purchase and assignment of loans made by lenders
§ 57-10-229. Promulgation of regulations relating to §§ 57-10-225 and 57-10-227
§ 57-10-231. Payment of bonds; additional security
§ 57-10-237. Miscellaneous provisions of resolution authorizing issuance of bonds
§ 57-10-239. Effect of pledge; recording of resolution or other instruments
§ 57-10-241. Cancellation and redemption of bonds
§ 57-10-245. Signatures on bonds
§ 57-10-247. Establishment of funds and accounts
§ 57-10-249. Contracts with bondholders
§ 57-10-251. Effect of future amendments to article
§ 57-10-257. Investment in bonds; bonds as security for deposits