What signatures to be attested

(1) Where a person signs a bill of exchange as drawer, acceptor or indorser, or signs a promissory note as maker or endorser, his signature, if it is by mark or in characters other than Roman, shall have no effect unless it is made in the presence of and attested by a justice of the peace, a notary public, or any member of the police department not below the rank of Inspector, or a government medical officer. (2) An attestation shall be in the form following or to the like effect, “SIGNED in my presence this day of 20 By a person known to me. (Signature).” (3) A person who attests a signature under this section shall satisfy himself as to the identity of the party signing and that he understands the nature and effect of the instrument. (4) A person shall not be capable of attesting a signature under this section if he has any interest in the bill or note or the proceeds thereof, or in any transaction connected therewith.