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Court OpinionsState LawsAlabama US Code1 USC - General Provisions US Constitution |
Execution of bonds or notes - 53 Pa. Cons. Stat. § 8146Legal Research Home > Pennsylvania Statutes
§ 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.
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Last modified: November 27, 2007 |
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