(110 ILCS 686/31-35)
Sec. 31-35.
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: P.A. 89-4, eff. 1-1-96.)
|