There is a newer version of the Illinois Compiled Statutes
2005 Illinois Code - Chapter 50 Local Government 50 ILCS 440/ Local Government Bond Validity Act.
(50 ILCS 440/0.01) (from Ch. 85, par. 860)
Sec. 0.01.
Short title.
This Act may be cited as the
Local Government Bond Validity Act.
(Source: P.A. 86‑1324.)
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(50 ILCS 440/1) (from Ch. 85, par. 861)
Sec. 1.
The validity of any bond, interest coupon or certificate of
indebtedness legally authorized and issued by any county, city, village,
incorporated town, township, school district, park district, road
district, drainage district, sanitary district, authority or any other
municipal corporation or political subdivision in the State of Illinois
shall remain unimpaired although one or more of the officers executing
such bond, interest coupon or certificate of indebtedness shall have
ceased to be such officer or officers before delivery thereof to the
purchaser.
(Source: Laws 1947, p. 380.)
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