Section 15145 Of Article 3. Issuance And Sale Of Bonds From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 1. >> Article 3.
15145
. (a) The board of supervisors by an order entered upon its
minutes shall prescribe the form of the bonds. The bonds shall be
signed by the chairperson of the board of supervisors, or by any
other member thereof as the board of supervisors shall, by resolution
adopted by a four-fifths vote of all its members, authorize and
designate for that purpose, and also signed by the treasurer of the
county, and shall be countersigned by the clerk of the board of
supervisors or by a deputy of either of the officers. Unless the
board of supervisors otherwise provides, all the signatures and
countersignatures may be printed, lithographed, engraved, or
otherwise mechanically reproduced except that one of the signatures
or countersignatures to the bonds shall be manually affixed. Any
signature may be affixed in accordance with the provisions of the
Uniform Facsimile Signatures of Public Officials Act, Chapter 6
(commencing with Section 5500) of Title 1 of the Government Code. All
expense incurred for the preparation, sale, and delivery of the
school bonds, including but not limited to, fees of an independent
financial consultant, the publication of the official notice of sale
of the bonds, the preparation, printing and distribution of the
official statement, the obtaining of a rating, the purchase of
insurance insuring the prompt payment of interest and principal, the
preparation of the certified copy of the transcript for the
successful bidder, the printing of the bonds, and legal fees of
independent bond counsel retained by the school district or community
college district issuing the bonds are legal charges against the
funds of the district issuing the bonds and may be paid from the
proceeds of sale of the bonds.
(b) Notwithstanding subdivision (a), the board of supervisors may,
in its discretion, determine that all of the required signatures and
countersignatures shall be by facsimiles, provided, however, that
the bonds shall not be valid or become obligatory for any purpose
until manually signed by an authenticating agent duly appointed by
the board or its authorized designee.