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.)