(a) Any authorized officer may execute or cause to be executed with a facsimile signature in lieu of his or her manual signature any:
(1) Public security; provided, that at least one signature required or permitted to be placed thereon, which may be the signature of an authorized signer of a bank, trust company or other banking or financial institution action as trustee, authenticating agent, transfer agent, or similar agent, shall be manually subscribed; and
(2) Instrument of payment.
(b) The facsimile signature of an authorized officer has the same legal effect as his or her manual signature.