LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomePublic Utilities CodeDiv. 10Pt. 5Ch. 7Art. 2§ 50243 Bond Signing Requirements

§ 50243 Bond Signing Requirements

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 50243 Bond Signing Requirements

Key Takeaways

  • •The bonds must be signed by the president of the board or another officer chosen by the board.
  • •The treasurer must also sign the bonds, and the secretary must countersign them.
  • •The coupons attached to the bonds must be numbered in order and signed by the treasurer.
  • •If an officer who signed the bonds leaves their job before the bonds are given to the buyer, their signature is still valid.

Example

Imagine a school district is selling bonds to raise money for new school buildings.

The school board president and the treasurer must sign the bonds. Even if the treasurer quits before the bonds are sold, their signature is still good, and the bonds are still valid.

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

Official Source
View on CA.gov

§ 50243 Bond Signing Requirements

The bonds shall be signed by the president of the board or by such officer of the district as the board shall by resolution authorize and designate for that purpose. They shall also be signed by the treasurer, and be countersigned by the secretary. The coupons of the bonds shall be numbered consecutively and be signed by the treasurer. All signatures and countersignatures, except one of the signatures or countersignatures on the bonds, may be printed, lithographed, or engraved. If any officer whose signature or countersignature appears on the bonds or coupons ceases to be such officer before the delivery of the bonds to the purchaser, the signature or countersignature is nevertheless valid and sufficient for all purposes as if he had remained in office until the delivery of the bonds. (Added by Stats. 1963, Ch. 839.)

Last verified: January 23, 2026

Key Terms

resolutionsecretarybondsposition

Related Statutes

  • § 40243 Bond Signing And Validation
  • § 13244 Bond Signing Requirements
  • § 26244 Bond Signing Requirements
  • § 90623 Bond Signing Requirements
  • § 98335 Bond Signing Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 50243.
View Official Source