Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 81 - Incurring Debt and Issuing Bonds and Notes
Section 8146 - Execution of bonds or notes


Bonds or notes, including tax anticipation notes, shall be signed by such officers of the local government unit, and coupon bonds shall have attached thereto interest coupons bearing the facsimile signature of such officer of the local government unit, and the bonds or notes may be sealed with the seal of the local government unit or a facsimile thereof, all as may be determined by the governing body. Bonds or notes may provide that they are not valid or enforceable unless authenticated by a specified bank, bank and trust company or trust company. If any one signature on a bond or note, including the signature of the authenticating party, is manual, all other signatures may be by facsimile. If any officer whose signature or a facsimile of whose signature appears on any notes, bonds or coupons ceases to be such officer before the delivery of the notes or bonds, the signature or the facsimile shall nevertheless be valid and sufficient for all purposes as if he had remained in office until delivery. Any note, bond or coupon may bear the facsimile signature of or may be signed by those persons as at the actual time of the execution of the note, bond or coupon were the proper officers to sign although at the date of the instrument these persons may not be such officers.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 53 - MUNICIPALITIES GENERALLY

Chapter 81 - Incurring Debt and Issuing Bonds and Notes

Extra - Chapter Notes

Section 8101 - Combining projects for financing or series of bonds or notes for sale

Section 8102 - Preliminary authorizations as to financing

Section 8103 - Ordinance authorizing issuance of bonds or notes or instruments evidencing lease rental debt

Section 8104 - Covenant to pay bonds or notes or a guaranty

Section 8105 - Additional provisions in ordinance authorizing issuance of revenue or guaranteed revenue bonds or notes

Section 8106 - Sinking fund depository and trustee for bondholders or noteholders

Section 8107 - Award of bonds or notes

Section 8108 - Bond anticipation notes

Section 8109 - Small borrowing for capital purposes

Section 8110 - Debt statement

Section 8111 - Submission to department

Section 8112 - Agreements with bondholders or noteholders

Section 8113 - Lost, stolen, destroyed or mutilated bonds or notes

Section 8114 - Evidence of signatures of holders and of ownership of bonds, notes and tax anticipation notes

Section 8115 - Contractual effect of ordinances and resolutions

Section 8116 - Unfunded actuarial accrued liability - condition precedent (Repealed)

Section 8121 - Power to issue tax anticipation notes

Section 8122 - Limitation on amount of tax anticipation notes

Section 8123 - Maturity date and time of payment of interest

Section 8124 - Other terms of tax anticipation notes

Section 8125 - Security for tax anticipation notes and sinking fund

Section 8126 - Certification as to taxes and revenues to be collected

Section 8127 - Sale of tax anticipation notes

Section 8128 - Condition precedent to validity of tax anticipation notes

Section 8129 - Scope of unfunded debt

Section 8130 - Approval by court to fund unfunded debt

Section 8141 - Form of bonds or notes

Section 8142 - Limitations on stated maturity dates

Section 8143 - Disposition of proceeds notwithstanding certain limitations

Section 8144 - Number of interest rates

Section 8145 - Place and medium of payment

Section 8146 - Execution of bonds or notes

Section 8147 - Pledge of revenues

Section 8148 - Deeds of trust and other agreements with bondholders and noteholders

Section 8149 - Negotiable qualities of bonds and notes

Section 8150 - Temporary bonds or notes or interim receipts

Section 8161 - Manner of sale of bonds or notes

Section 8162 - Contents of public advertisement and of official notice of sale

Section 8163 - Proposals for purchase

Section 8164 - Opening of bids

Section 8165 - Determination of highest and best bid

Section 8166 - Required bid security

Section 8167 - Reserved right to reject bids

Section 8168 - Failure to receive conforming bid

Section 8169 - Determination of net interest cost and net interest rate