166. The facsimile of the signature of the chairman and treasurer on the bonds may be engraved, lithographed or printed and shall have the same effect as if the signature itself had been affixed thereto.
The certificate of the Minister or of the authorized person, mentioned in section 12 of the Act respecting municipal debts and loans (chapter D-7), may be affixed to the bonds issued by the Community under the facsimile of the signature of the Minister or of the authorized person. However, the presumption of validity provided for in that section applies only if the bonds also bear the handwritten signature of the chairman, the treasurer or a financial officer who is a mandatary of the Community.
Although a person whose signature or a facsimile thereof has been affixed to a bond, note or other security of the Community or a coupon in that person’s capacity as chairman, vice-chairman or treasurer of the Community, has ceased to act in that 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 that 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 signature or facsimile was affixed to a bond, note, coupon or other security of the Community shall bind it even though the person was not acting in that capacity on the date of such bond, coupon, note or security.
The treasurer or any other person authorized by resolution of the Council shall sign the cheques issued by the Community. The facsimile of the signature of the treasurer or of the person authorized may be engraved, lithographed or printed on the cheques with the same effect as if the signature itself were affixed to them.
1969, c. 83, s. 208; 1971, c. 88, s. 36; 1993, c. 67, s. 70; 1995, c. 71, s. 81.