(220 ILCS 5/6-104) (from Ch. 111 2/3, par. 6-104)
Sec. 6-104.
All stock and every stock certificate, and every bond, note or
other evidence of indebtedness, of a public utility, not payable within
twelve months issued without an order of the Commission authorizing the
same then in effect shall be void, unless issued upon the authority of any
articles of incorporation or amendments thereto, and of a vote of the
stockholders or directors, filed and taken before January 1, 1914, and
likewise all stock and every stock certificate, and every bond, note or
other evidence of indebtedness of a public utility not payable within
12 months, issued with the authorization of the Commission, but not
conforming in its provisions to the provisions, if any, which it is
required by the order of authorization of the Commission to contain, shall
be void; but no failure in any other respect to comply with the terms or
conditions of the order of authorization of the Commission shall render
void any stock or stock certificate, or any bond, note or other evidence of
indebtedness, except as to a corporation or person taking the same with
notice of the failure to comply with the order of the Commission.
(Source: P.A. 84-617.)
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