§49-6  Form and execution of revenue bonds. (a)  Revenue bonds issued under this chapter shall be in such form as thegoverning body may determine, shall be lithographed or engraved, shall bemanually signed by the director of finance or deputy director of finance, shallbe countersigned with a lithographed or engraved facsimile of the signature ofthe mayor, and shall be sealed with the seal or a lithographed or engravedfacsimile of the seal of the county.  In addition, fully registered revenuebonds may be authenticated with the manual signature of the registrar, if any,thereunto duly appointed by the director of finance.  Notwithstanding thepreceding provisions of this section, the governing body may provide thatrevenue bonds issued under this chapter may be typewritten, printed, orotherwise reproduced, and that the signature of the mayor upon the revenuebonds may be the mayor's manual signature.  The coupons pertaining to therevenue bonds shall be executed with the lithographed or engraved facsimilesignatures of the mayor and the director of finance.  In the case of a board,for purposes of this section, the member thereof who is the presiding officeror, if authorized by the board, the executive director, and such other officerof the board as is provided by the board, shall be deemed the mayor and thedirector of finance.  Pending the preparation of the definitive revenue bonds,interim receipts or certificates in such form and with such provisions as thegoverning body may determine may be issued.

(b)  The revenue bonds bearing the signature ofofficers in office on the date of the signing thereof shall be valid andsufficient for all purposes, and shall have the same effect as if the personsofficially signing the bonds had remained in office until the delivery of therevenue bonds to the initial purchasers thereof, and in the case of fullyregistered bonds upon any exchange or transfer between subsequent holdersthereof notwithstanding that the term of office of the persons or any of themmay have expired or they may otherwise have ceased to be officers before thedelivery, exchange, or transfer.  If the director of finance shall havedesignated a registrar for fully registered revenue bonds, the resolutionauthorizing the revenue bonds may provide that no fully registered revenue bondshall be valid or obligatory for any purpose unless certified or authenticatedby the registrar.  If the resolution provides, then all signatures of theofficers of the county upon the fully registered revenue bonds may befacsimiles of the signatures, and the fully registered revenue bonds shall bevalid and sufficient only if certified or authenticated by the manual signatureof an authorized officer or signatory of such registrar.  Any law to thecontrary notwithstanding, if blanks of fully registered revenue bonds are heldby a registrar pending exchange or transfer for other fully registered revenuebonds of the same series, then upon delivery of revenue bonds in an exchange ortransfer, the revenue bonds shall be valid and sufficient for all purposesnotwithstanding that the signatures of the officers of the county appearingthereon shall be that of the persons in office at the time of initial deliveryof the revenue bonds or that of the persons in office at the time of theexchange or transfer.  The validity of the revenue bonds shall not be dependenton or affected by the validity or regularity of any proceedings relating to theacquisition, purchase, construction, reconstruction, improvement, betterment,or extension of the undertaking or establishment or administration of the loanprogram authorized by law for which the revenue bonds are issued.  Theresolution authorizing the revenue bonds shall provide that the revenue bondsshall contain a recital that they are issued pursuant to this chapter, whichrecital shall be conclusive evidence of their validity and of the regularity oftheir issuance. [L 1989, c 80, pt of §3]