§ 6-81-111 - Bonds, notes, etc. -- Execution and seal. - Arkansas Statutes

6-81-111. Bonds, notes, etc. -- Execution and seal.

(a) (1) Obligations shall be executed by the manual or facsimile signature of the chair and the manual or facsimile signature of the secretary of the Arkansas Student Loan Authority.

(2) Coupons attached to obligations shall be executed by the manual or facsimile signature of the chair of the authority.

(b) In case any of the officers whose signatures appear on the obligations or coupons shall cease to be such officers before the delivery of such obligations or coupons, their signatures shall, nevertheless, be valid and sufficient for all purposes.

(c) The authority shall adopt and use a seal in the execution and issuance of obligations, and each obligation shall be sealed with the seal of the authority or a facsimile thereof.