California Government Code

§ 50663

GOV § 50663Div. 1 · Title 5 · Part 1 · Ch. 3 · Art. 3

Statute text

In issuing the bonds, the local agency may provide:

(a)(1) That the required signatures to the bonds may be by facsimile, except that at least one signature to the bonds shall be by autograph.

(2)Notwithstanding paragraph (1), the local agency may, in its discretion, determine that all of the required signatures shall be by facsimile, provided, however, that the bonds shall not be valid or become obligatory for any purpose until manually signed by an authenticating agent duly appointed by the governing board of the local agency or its authorized designee.

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Legislative history

Amended by Stats. 1988, Ch. 1055, Sec. 5.