An indenture may provide for the execution and authentication of bonds by the manual or facsimile signature of any one or more officers of the Authority and by additional authentication by endorsement by the manual signature or a signature stamp of any one or more officers of the Authority or of any agent designated by the Authority as trustee. If any officer or agent whose signature, countersignature or endorsement appears upon the bonds or coupons ceases to be an officer or agent before the delivery of the bonds or coupons, his signature, countersignature or endorsement is nevertheless valid and of the same force and effect as if he had remained such officer or agent until the delivery of the bonds and coupons.

SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14065. Codified as
12 Guam Code Ann. § 10216. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017).

2017 NOTE: This provision was originally enacted as Same: Places and Manner of Payment, which was reenacted by P.L. 34-070:2 (Dec. 7, 2017) as 12 Guam Code Ann. § 10212, Places of Payment.

§ 10217. Jose D. Leon Guerrero Commercial Port Construction
Fund.

The proceeds from the sale of all bonds authorized by this Article shall be deposited forthwith to the credit of a fund to be designated as the Guam Port Authority Development Fund, which fund is hereby created, and shall be expended for the purposes authorized by this Article and the indenture subject to any limitations provided therein. This fund shall be a separate account within the Port Authority Fund (See § 10108 (b), this Title).

SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14066. Codified as
12 Guam Code Ann. § 10217, entitled Guam Port Authority Development Fund. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017).