Sec. 161.117. SIGNATURES AND SEALS. (a) The resolution authorizing the issuance of an installment or series of bonds may prescribe the extent to which facsimile signatures and facsimile seals may be used in lieu of manual signatures and manually impressed seals in executing the bonds and attached coupons.
(b) Interest coupons may be signed with the facsimile signatures of the chairman and secretary of the board.
(c) If an officer whose manual or facsimile signature appears on a bond, or whose facsimile signature appears on a coupon, ceases to be an officer before the bonds are delivered, the signature shall still be valid and sufficient for all purposes the same as if the officer had remained in office until the delivery of the bonds.
Acts 1977, 65th Leg., p. 2660, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Section: Previous 161.079 161.111 161.112 161.113 161.114 161.115 161.116 161.117 161.118 161.119 161.120 161.121 161.123 161.124 161.125 NextLast modified: September 28, 2016