N.Y. Local Finance Law § 61.00: Execution of obligations

§ 61.00 Execution of obligations. a. All obligations, including

interim bonds, shall be executed in the name of the municipality, school

district or district corporation by the chief fiscal officer unless the

finance board shall, by resolution, designate a different officer or

officers to execute such obligations. Such execution may be by

facsimile signature, in which event the finance board shall provide for

authentication of such obligation by the manual countersignature of a

fiscal agent or of a designated official of the municipality, school

district or district corporation. Such obligations shall have the seal

or a facsimile seal of the municipality, school district or district

corporation impressed or imprinted thereon. Such obligations may be

attested by the facsimile or manual signature of the clerk of such

municipality, school district or district corporation or such other

official thereof as may be designated by the finance board. Coupons

attached to a bond shall be authenticated by the facsimile or manual

signature of the chief fiscal officer unless the finance board shall, by

resolution, provide that such coupons shall be authenticated by the

facsimile or manual signature of a different officer.

b. Obligations executed in the manner set forth above by the officials

designated and referred to above shall be valid and binding obligations

when duly delivered, notwithstanding the fact that before the delivery

thereof the persons executing the same shall have ceased to be officials

or other officials may have been designated to perform such functions.