HRS §39A-82
Validity of special purpose revenue bonds
This section says special purpose revenue bonds are valid even if the officials who signed them leave office before the bonds are delivered. The bonds must include a statement that they are issued under this part, and that statement proves the bonds are valid.
state agencies
The statute, as written — ‑82 Validity of special purpose revenue bonds
The special purpose revenue bonds bearing the signature or facsimile signature of officers in office on the date of the signing thereof shall be valid and sufficient for all purposes, notwithstanding that before the delivery thereof and payment therefor any or all the persons whose signatures appear thereon shall have ceased to be officers of the department. Special purpose revenue bonds shall contain a recital that they are issued pursuant to this part, which recital shall be conclusive evidence of their validity and of the regularity of their issuance.
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