Find Legal Information

48-3204. Issuance of certificate; form

A. When any bond of a district, including any bond authorized but not sold, which is eligible for certification by the director of the department of administration as provided by section 48-3202 is presented to the director of the department of administration, he shall attach a certificate to the bond in substantially the following form:

                                                        Phoenix, Arizona
 

                                                ________________________
                                                      (insert date)     
 

I, ___________________________ director of the department of administration of the state of Arizona, do hereby certify that the within bond, number _______________, of series number ______________ of the _________________ district, issued _______________________ (insert date), is, in accordance with an act of the legislature of the state of Arizona, approved _____________________ (insert date), a legal investment for the funds of savings banks in the state of Arizona, and may be deposited to secure public monies, it being entitled to such privilege by virtue of an examination by the director of water resources, the attorney general and the superintendent of financial institutions of the state of Arizona in pursuance of said act.

                                           _____________________________
                                           Director of the department of
                                          administration of the state
                                          of Arizona.
 

B. A facsimile of the signature of the director of the department of administration impressed upon the certificate shall be a sufficient signing thereof, provided that the imprint of the seal of the director of the department of administration shall appear upon both the certificate and the bond over the facsimile signature.