1. (a)

   1. (1) Any bond issued under this subtitle that bears the signatures of the officers in office on the date the bond is signed is a valid and binding obligation notwithstanding that:

      1. (i) At the time of delivery of or payment for the bond, any or all of the signers are no longer officers of the municipality; or
      2. (ii) Any proceeding that relates to the development of the sewerage facility for which the bond is issued is invalid or irregular.
   2. (2) A signature may be by facsimile as provided in § 2-303 of the State Finance and Procurement Article.

2. (b) A recital in the bond that the bond is issued under this subtitle is conclusive evidence of:

   1. (1) The validity of the bond; and
   2. (2) The regularity of the issuance of the bond.

Added by Acts 1982, c. 240, § 2. Amended by Acts 1985, c. 717, § 1.

Formerly Art. 43, § 433.