Texas Health and Safety Code 362.032 – Form and Procedure
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(a) Bonds under this chapter must be authorized by resolution. The bonds must:
(1) be signed by the presiding officer or assistant presiding officer of the issuer’s governing body;
(2) be attested by the secretary of the issuer’s governing body; and
(3) have the seal of the issuer impressed, printed, or lithographed on the bonds.
(b) The bonds may have the characteristics and bear the designation determined by the issuer’s governing body, except that the designation must include:
(1) the name of each person guaranteeing the contractual obligation of each person leasing or purchasing the system; or
(2) a statement, if applicable, that a group of persons will be leasing or purchasing the system.
Terms Used In Texas Health and Safety Code 362.032
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
- Signature: includes the mark of a person unable to write, and "subscribe" includes the making of such a mark. See Texas Government Code 312.011
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
(c) The governing body may authorize a required signature to be printed or lithographed on the bonds. The issuer may adopt or use the signature of a person who has been an officer, regardless of whether the person is an officer when the bonds are delivered to a purchaser.