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HomeHarbors and Navigation CodeDiv. 8Pt. 7Ch. 6Art. 4§ 7223 Bond Signing And Validation

§ 7223 Bond Signing And Validation

Harbors and Navigation Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 7223 Bond Signing And Validation

This law explains how official bonds (like IOUs from the government) must be signed and what happens if the people who sign them leave their jobs before the bonds are given out.

Key Takeaways

  • •Bonds must be signed by the president, treasurer, and secretary of the district.
  • •Signatures can be printed or stamped, but at least one must be handwritten.
  • •If a leader who signed the bond leaves their job, their signature is still valid.

Example

Imagine a school district needs money to build a new school, so they sell bonds to people to borrow money.

The bonds must be signed by certain leaders in the district. Even if one of those leaders quits before the bonds are handed over, their signature still counts.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 7223 Bond Signing And Validation

The bonds shall be dated, numbered consecutively, and be signed by the president of the board and the treasurer of the district and countersigned by the secretary of the district and the official seal of the district affixed. The interest coupons of the bonds shall be signed by the treasurer of the district. All the signatures and countersignatures may be printed, lithographed or mechanically reproduced, except that one of said signatures or countersignatures to said bonds shall be manually affixed. If any officer whose signature or countersignature appears on any bonds or coupons ceases to be an officer before the delivery of the bonds to the purchaser, the signature or countersignature either on the bonds or the coupons, or on both, is nevertheless valid and sufficient for all purposes the same as if the officer had remained in office until the delivery of the bonds, and the signature upon the coupons of the person who is treasurer at the date of the bonds, is valid although the bonds themselves may be attested by a different person who is treasurer at the time of delivery of the bonds. (Added by Stats. 1959, Ch. 1598.)

Last verified: January 11, 2026

Key Terms

bondssignaturescountersignaturestreasurersecretaryofficial sealinterest coupons

Related Statutes

  • § 7173 Warrant Issuance Requirements
  • § 7217 Bond Series Maturity Limits
  • § 7218 Bond Payment Terms Resolution
  • § 7219 Bond Interest Rate Limits
  • § 7220 Bond Call And Redemption

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Harbors and Navigation Code. Section 7223.
View Official Source