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<br />1 the authority and the purchasers. <br /> <br /> <br />2 C. (1) Bonds or notes and any coupons appurtenant thereto <br /> <br /> <br />3 issued under the provisions of this Act shall be signed by the pres- <br /> <br /> <br />4 ident or vice president of the board of directors, be attested by <br /> <br /> <br />5 the board's secretary, and bear the seal of the authority. <br /> <br /> <br />6 (2) The resolution or resolutions authorizing the issuance of <br /> <br /> <br />7 any installment or any series of bonds or notes may prescribe the <br /> <br /> <br />8 extent to which the authority, in executing the bonds or notes and <br /> <br /> <br />9 appurtenant coupons, may use facsimile signatures and facsimile seals <br /> <br />10 instead of manual signatures and manually impressed seals. <br /> <br /> <br />11 (3) If any officer whose manual or facsimile signature appears <br /> <br /> <br />12 on a bond or note or any coupon ceases to be an officer before the <br /> <br />13 bond or note is delivered, the signature is valid and sufficient for <br /> <br /> <br />14 all purposes as if he had remained in office until the delivery had <br /> <br /> <br />15 been made. <br /> <br />16 (4) Neither the members or officers of the authority nor anyone <br /> <br /> <br />17 executing the bonds, notes or coupons for and on behalf of the author- <br /> <br /> <br />18 ity shall be liable personally on the bonds, notes or coupons of the <br /> <br />19 authority by reason of participation in any way in the issuance of <br /> <br /> <br />20 them. <br /> <br /> <br />21 D. (1) The bonds or notes of the authori ty may be secured by <br /> <br /> <br />22 and payable from pledges of all or any part of the revenues, receipts <br /> <br /> <br />23 or assets of the authority or the revenues of anyone or more leases <br /> <br />24 or other contracts theretofore or thereafter made, all of which shall <br /> <br /> <br />25 be specified by the resolution of the authority or in the trust <br /> <br /> <br />26 indenture or other instrument securing the bonds or notes. The <br /> <br /> <br />27 pledge may reserve the right, under conditions specified in it, <br /> <br />17 <br />