COL 8/23/2023

12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 1 ANTONIO B. WON PAT INTERNATIONAL AIRPORT AUTHORITY, GUAM

or in lieu thereof shall bear a lithographed or engraved facsimile of the signature of the Chairman or of such seal or both such signature and seal. The bonds shall be countersigned by the Secretary of the Authority, or in lieu thereof, shall bear a lithographed or engraved facsimile of the signature of the secretary. The coupons pertaining to the bonds shall be executed with the lithographed or engraved facsimile signatures of the Chairman of and Secretary of the Authority. The bonds bearing the signature of officers in office in an active or regular capacity on the date of signing thereof shall be valid and binding obligations notwithstanding that before the delivery thereof and payment therefor any or all the persons whose signatures appear thereon shall have ceased to be officers of the Authority. The validity of the bonds shall not depend upon nor be affected by the validity or regularity of any proceedings relating to the acquisition, purchase, construction, reconstruction, improvement, betterment or extension of the airports for which the bonds are issued. The Board may provide in the bond resolution authorizing the bonds that the bonds shall contain a recital that they are issued pursuant to the laws of Guam, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.

SOURCE: GC § 62111, as reenacted by P.L. 16-093 (June 15, 1982).