093_SB0042

 
                                     LRB093 02805 SJM 02821 b

 1        AN ACT in relation to finance.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Build Illinois Bond  Act  is  amended  by
 5    changing Section 7 as follows:

 6        (30 ILCS 425/7) (from Ch. 127, par. 2807)
 7        Sec.  7.   Execution  of Bonds.  Bonds shall be signed by
 8    the Governor and attested by the Secretary of State under the
 9    printed facsimile seal of the State and countersigned by  the
10    State  Treasurer  by his or her manual signature or by his or
11    her  duly  authorized  deputy.   If  Bonds  are   issued   in
12    registered  form  pursuant  to  the  Registered Bond Act, the
13    signatures of the Governor, the Secretary of  State  and  the
14    State  Treasurer  may  be  printed facsimile signatures.  The
15    Master Indenture  or  any  Supplemental  Indenture  may  also
16    require  that  each  Bond  be  authenticated  by  the  manual
17    signature  of  the  trustee  thereunder  or of a registrar or
18    paying agent.  Unless Bonds are issued  in  fully  registered
19    form,  interest  coupons  with  facsimile  signatures  of the
20    Governor, Secretary of  State  and  State  Treasurer  may  be
21    attached  to  the  Bonds.   The  fact  that  an officer whose
22    signature or facsimile thereof appears on  a  Bond,  interest
23    coupon,  indenture  or agreement authorized under this Act no
24    longer holds such  office  at  the  time  the  Bond,  coupon,
25    indenture or agreement is delivered shall not invalidate such
26    Bond, coupon, indenture or agreement.
27    (Source: P.A. 84-111.)