Pennsylvania Act 1949-21 — AUTHORIZING FIRST CLASS CITIES USE FACSIMILE SIGNATURE ON BONDS

Act text

AUTHORIZING FIRST CLASS CITIES USE FACSIMILE SIGNATURE ON BONDS
                  Act of Mar. 24, 1949, P.L. 312, No. 21              Cl. 11
                                  AN ACT

     To authorize any city of the first class to use a facsimile
        signature of the city controller in lieu of his manual
        signature and a facsimile of the seal of the city upon any
        bonds issued by it; and declaring that signatures and
        facsimile signatures of former officers shall be valid and
        sufficient.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  Any bonds hereafter executed and delivered by any
     city of the first class may be countersigned and attested by a
     facsimile signature of its city controller in lieu of his manual
     signature and a facsimile of the seal of the city may be
     imprinted or otherwise reproduced on said bonds in lieu of the
     manual seal of the city: Provided, That such bonds shall be
     signed by the fiscal agent of the said city by the manual
     signatures of two of its duly authorized officers.
        Section 2.  In case any officer whose signature or a
     facsimile of whose signature shall appear on any such bonds or
     on the coupons appertaining thereto shall cease to be such
     officer before the delivery of such bonds, such signature or
     such facsimile shall nevertheless be valid and sufficient for
     all purposes the same as if he had remained in office until such
     delivery.
        Section 3.  All acts and parts of acts inconsistent with this
     act are hereby repealed to the extent of such inconsistency.
        Section 4.  This act shall take effect immediately upon final
     enactment.