(110 ILCS 525/8) (from Ch. 144, par. 678)
Sec. 8.
Validity of
bonds.
The bonds bearing the signatures of officers of the Board in office on
the date of the signing thereof shall be valid and binding obligations,
notwithstanding that before the delivery thereof and payment therefor any
or all persons whose signatures appear thereon shall have ceased to be such
officers. The validity of the bonds shall not be dependent on nor affected
by the validity or regularity of any proceedings to acquire any project
financed by the bonds, or to refund outstanding bonds, or taken in
connection therewith.
(Source: Laws 1965, p. 2913.)
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