The water revenue bond ordinance shall authorize execution of the bonds therein authorized on behalf of the city by being signed by the mayor and by the city comptroller and to be attested by the city clerk, and by the respective proxies of said mayor and city comptroller, shall determine whether such bonds to be issued shall be registered in the name of the owner as to principal only and shall indicate the place or places of payment of the principal and interest maturing on said bonds and shall also set forth the form of water revenue bonds to be issued.
The mayor and the city comptroller may each designate another to act as their respective proxies and to affix their respective signatures to any such water revenue bonds, and in such case, each shall send to the city council written notice of the person so designated by each, such notice stating the name of the person so selected to sign as proxy for the mayor and the city comptroller, respectively. A written signature of the mayor or of the city comptroller, respectively, executed by the person so designated underneath, shall be attached to each notice. Each notice, with the signature attached, shall be recorded in the Journal of the Proceedings of the City Council and then filed with the city clerk. When the signature of the mayor is placed on a water revenue bond at the direction of the mayor in the specified manner, the bond, in all respects, shall be as binding on the city as if signed by the mayor in person. When the comptroller's signature is so affixed to a water revenue bond at the comptroller's direction, the bond, in all respects, shall be as binding on the city as if signed by the comptroller in person.
(Prior code § 7-71)