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SECTION 8. EXECUTION OF OBLIGATIONS AND COUPONS. The Obligations shall be executed in the name of the Issuer by the Chairman of the Board of County Commissioners and countersigned and attested by the Clerk of the Board, and its corporate seal or a facsimile thereof shall be affixed thereto or reproduced thereon. The facsimile signatures of the Chairman or the Clerk may be im- printed or reproduced on the Obligations, provided that at least one signature required to be placed thereon shall be manually sub- scribed. in case any officer whose signature shall appear on any of the Obligations shall cease to be such officer before the de- livery of such obligations, such signature or facsimile shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. The Obligations may be signed and sealed on behalf of the Issuer by such person who at the actual time of the execution of such Obligations shall hold the proper office with the Issuer, although at the date of such Obligations such person may not have held such office or may not have been so authorized. The coupons attached to the Obligations shall be authenti.- cited with the facsimile signatures of any present or future Chairman and Clerk of the Issuer, and the validation certificate on the Obli- gations; shall be executed with the facsimile signature of the Chairman. The Issuer may adopt and use for such purposes the facsimile signatures of any persons who shall have held such offices at any time on or after the date of the Obligations notwithstanding that they may have ceased to be such officers at the time such Obliga- tions shall be actually delivered. SECTION 9. NEGOTIABILITY AND REGISTRATION. The Obliga- tions and the coupons appertaining thereto issued hereunder shall be and shall have all of the qualities and incidents of negotiable instruments under the law merchant and the maws of the State of Florida, and each successvie holder, in accepting any of such obliga- tions or the coupons appertaining thereto, shall be conclusively deemed to have agreed that such Obligations shall be and have all of.