§39-8  Same, signatures.  Whenbonds of the State are prepared and signed by the director of finance or adeputy director of finance of the State and the comptroller of the State inoffice at the time of such signing, the signatures of the director of financeor deputy director of finance and comptroller shall be valid and sufficient forall purposes, and shall have the same effect as if the persons officiallysigning the bonds or whose facsimile signatures appear thereon had remained inoffice until the delivery of the same to the initial purchasers thereof, and inthe case of fully registered bonds upon any exchange or transfer betweensubsequent holders thereof, notwithstanding that the term of office of thosepersons or any of them may have expired or they may otherwise have ceased to beofficers before the delivery, exchange, or transfer.  If the director offinance shall have designated a registrar for fully registered bonds, thedirector of finance may provide that no fully registered bond shall be valid orobligatory for any purpose unless certified or authenticated by the registrar. If the director of finance shall have provided for a registrar, thennotwithstanding section 39-7, all signatures of the officers of the State uponthe fully registered bonds may be facsimiles of the officers' signatures, andfully registered bonds shall be valid and sufficient only if certified orauthenticated by the manual signature of an authorized officer or signatory ofthat registrar.  Anything to the contrary notwithstanding, if blanks of fullyregistered bonds shall be held by a registrar pending exchange or transfer forother fully registered bonds of the same series, then upon delivery of bonds inan exchange or transfer, the bonds shall be valid and sufficient for allpurposes notwithstanding that the signature of the comptroller and the directorof finance or deputy director of finance appearing thereon shall be that of theperson in office at the time of initial delivery of the bonds or that of theperson in office at the time of such exchange or transfer. [L 1988, c 28, pt of§3]