(a)        A certificated registered public obligation shall be executed by the issuer by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature of another authorized officer.

(b)        In addition to the signatures referred to in (a) of this section any certificated registered public obligation or any writing relating to an uncertificated registered public obligation may include a certificate or certificates signed by the manual or facsimile signature of an authenticating agent, registrar, transfer agent or the like. (1983, c. 322, s. 1; 1987, c. 282, s. 29.)

Terms Used In North Carolina General Statutes 159E-5

  • Authorized officer: means any individual required or permitted, alone or with others, by any provision of law or by the issuing public entity, to execute on behalf of the public entity a certificated registered public obligation or a writing relating to an uncertificated registered public obligation. See North Carolina General Statutes 159E-2
  • Certificated registered public obligation: means a registered public obligation which is represented by an instrument. See North Carolina General Statutes 159E-2
  • Facsimile signature: means the reproduction by engraving, imprinting, stamping, or other means of the manual signature. See North Carolina General Statutes 159E-2
  • Issuer: means a public entity which issues an obligation. See North Carolina General Statutes 159E-2
  • Obligation: means an agreement of a public entity issuer to pay principal and any interest thereon, whether in the form of a contract to repay borrowed money, a lease, an installment purchase agreement or otherwise, and includes a share, participation, or other interest in any such agreement. See North Carolina General Statutes 159E-2
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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