152. The facsimile of the signature of the chairman may be engraved, lithographed or printed on the bonds and such facsimile shall have the same effect as if the signature itself had been affixed thereto.
The facsimile of the signature of the chairman and of the secretary of the Community may be engraved, lithographed or printed on the bond coupons and cheques issued by the Community and such facsimile shall have the same effect as if the signatures themselves had been affixed thereto.
Although a person whose signature or a facsimile thereof has been affixed to a bond, a note, another security of the Community or a coupon in that person’s capacity as chairman or vice-chairman of the Council, secretary of the Community or person designated for such purpose by the Council of the Community, has ceased to act in such capacity before the said bond, note, security or coupon is issued and delivered, such signature shall nevertheless be valid and shall bind the Community in the same manner as if such person had continued to act in such capacity on the date of the said issue and delivery and the signature or facsimile of the signature of the persons acting in such capacity on the date on which such signature or facsimile was affixed to a bond, note, coupon or other security of the Community shall bind it even though the said person was not acting in such capacity on the date of such bond, coupon, note or security.
1969, c. 85, s. 203; 1983, c. 29, s. 51.