§ 22708 Officer Signatures On Bonds

• •If an officer signs a bond or coupon but leaves their job before the bond is given to the buyer, their signature is still valid.
• •The signature on the coupons by the auditor at the time the bonds are made is still good, even if a different auditor signs the bonds when they are delivered.
• •This rule makes sure that bonds and coupons are still valid even if the people who signed them are no longer in their jobs.

Imagine a school principal signs a paper promising to pay for new playground equipment. Before the paper is given to the company selling the equipment, the principal retires.

The principal's signature is still good, and the school still has to pay for the equipment. It doesn't matter that the principal is no longer working there.