Section 23-1-309 Bonds and notes - Execution. - Alabama Statutes

Section 23-1-309

Bonds and notes - Execution.

The obligations authorized by this article shall be signed by the president or vice-president of the authority, as the board of directors shall designate, and attested by its secretary or an assistant secretary, as the board of directors shall designate; provided, that a facsimile of the signature of one but not of both of the said officers may be printed or otherwise reproduced on any of the obligations authorized by this article in lieu of their being manually signed. All interest coupons applicable to the bonds or temporary bonds shall be signed by the president or vice-president of the authority, as the board of directors shall designate; provided, that a facsimile of the signature of such officer may be printed or otherwise reproduced on any of the interest coupons in lieu of their being manually signed. The seal of the authority shall be impressed on the bonds and temporary bonds authorized by this article; provided, that a facsimile of the said seal may be printed or otherwise reproduced in lieu of being manually impressed thereon.

(Acts 1976, No. 565, p. 764, §10; Acts 1981, No. 81-387, p. 574, §6.)