The board shall have power, and is hereby authorized from time to time, to issue negotiable bonds: (1) To acquire any one project, or more than one, or any combination thereof, for each such institution; or (2) To refund bonds heretofore and hereafter issued as hereinafter provided for; or (3) For either or both of said purposes. The bonds shall be authorized by resolution of the board. Such resolution may provide that one of the officers of the board shall sign such bonds manually and other officials' signatures may be facsimiles.
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