(A) The Bond Ordinance shall direct the execution of the bonds therein authorized on behalf of the Village by the signatures of the Village President and the Clerk of the Village, shall require the seal of the Village to be affixed to such bonds, shall determine whether such bonds to be issued shall be registered in the name of the owner as to principal only or whether the same shall be fully registered as to both principal and interest, shall indicate the place or places of payment of the principal and interest maturing on said bonds and shall set forth the form of bond.
(B) The Village President may designate a deputy to affix his or her signature to any full faith and credit bonds of the Village which are required to be signed by the Village President. In such case, the Village President shall deliver to the President and Board of Trustees a written notice of such desig- nation, such notice stating the name of the person so selected and the specific bonds which such person shall have authority to sign as deputy of the Village President. Said notice shall have attached thereto a written signature of the Village President executed by the person so designated to sign, together with the personal signature of the deputy authorized to sign on behalf of the Village President. Each such notice shall be recorded in the official journal of the proceedings of the President and Board of Trustees and then filed with the Village Clerk. When the signature of the Village President is placed on a full faith and credit bond of the Village at the direction of the Village President in the specified manner, such signature in all respects shall have the same legal effect as if signed by the Village President in person.