§ 5500 Public Security Definitions
Your city needs money to build a new park, so they sell special papers (bonds) promising to pay the money back later.
These papers are called 'public security.' The mayor (an authorized officer) signs them, but sometimes they use a stamp of her signature (facsimile signature) instead of signing each one by hand. People buy these papers to help pay for the park.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 5500 Public Security Definitions
Last verified: January 22, 2026