48-3204

48-3204. Issuance of certificate; form

A. When any bond of a district, including any bond authorized but not sold, which
is eligible for certification by the director of the department of administration as
provided by section 48-3202 is presented to the director of the department of
administration, he shall attach a certificate to the bond in substantially the following
form:

 Phoenix, Arizona
 

 ________________________
 (insert date) 
 

I, ___________________________ director of the department of administration of the
state of Arizona, do hereby certify that the within bond, number _______________, of
series number ______________ of the _________________ district, issued
_______________________ (insert date), is, in accordance with an act of the legislature
of the state of Arizona, approved _____________________ (insert date), a legal investment
for the funds of savings banks in the state of Arizona, and may be deposited to secure
public monies, it being entitled to such privilege by virtue of an examination by the
director of water resources, the attorney general and the superintendent of financial
institutions of the state of Arizona in pursuance of said act.

 _____________________________
 Director of the department of
 administration of the state
 of Arizona.
 

B. A facsimile of the signature of the director of the department of administration
impressed upon the certificate shall be a sufficient signing thereof, provided that the
imprint of the seal of the director of the department of administration shall appear upon
both the certificate and the bond over the facsimile signature.