Indiana Code 36-7-23-25. Execution, attestation, and authentication of bonds
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Sec. 25. The bonds:
(2) shall be attested by the manual or facsimile signature of the secretary of the board;
(1) shall be executed by the manual or facsimile signature of the chair of the board;
Terms Used In Indiana Code 36-7-23-25
- authority: refers to a multiple jurisdiction infrastructure authority established under this chapter. See Indiana Code 36-7-23-1
- board: refers to the board of directors of the authority. See Indiana Code 36-7-23-2
- Trustee: A person or institution holding and administering property in trust.
(3) shall be imprinted or impressed with the seal of the authority;
(4) may be authenticated by a trustee, registrar, or paying agent; and
(5) constitute valid and binding obligations of the authority, even if the chair, the secretary, or both, whose manual or facsimile signature appears on the bond, no longer hold those offices.
As added by P.L.346-1989(ss), SEC.7. Amended by P.L.127-2017, SEC.220.