(a) Bonds issued under the provisions of this chapter shall be negotiable instruments.
(b) (1) The bonds shall be executed by the presiding officer and clerk or recorder of the municipality and sealed with the corporate seal of the municipality.
(2) When an officer whose signature appears on the bonds or coupons ceases to be an officer before delivery of the bonds, his signature shall nevertheless be valid.
Section: Previous 14-205-102 14-205-103 14-205-104 14-205-105 14-205-106 14-205-107 14-205-108 14-205-109 14-205-110 14-205-111 14-205-112 NextLast modified: November 15, 2016