Sec. 1201.026. EXECUTION OF PUBLIC SECURITY OR INTEREST COUPON. (a) A public security or an interest coupon may be executed, with or without a seal, with a manual or facsimile signature.
(b) The signature on a public security or on an interest coupon of a person who is no longer an officer when the security or coupon is delivered to a purchaser is valid and sufficient for all purposes.
(c) A person's successor in office may complete the execution, authentication, or delivery of the public security or interest coupon.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle A - General Provisions
Chapter 1201 - Public Security Procedures Act
Subchapter B. Issuance and Approval of Public Security
Section 1201.021. Characteristics of Public Security
Section 1201.022. Terms of Issuance
Section 1201.023. Uncertificated Book-Entry Issuance
Section 1201.024. Form of Public Security
Section 1201.0245. Capital Appreciation Bonds by Political Subdivisions
Section 1201.025. Rate of Interest
Section 1201.026. Execution of Public Security or Interest Coupon
Section 1201.027. Authority of Issuer to Contract for Services
Section 1201.028. Single Meeting of Governing Body Sufficient