(70 ILCS 1510/11) (from Ch. 105, par. 333.28f)
Sec. 11.
The bonds bearing the signatures of officers in office on the
date of the signing thereof are valid and bonding obligations, notwithstanding
that before the delivery thereof and payment therefor any or all the persons
whose signatures appear thereon have ceased to be officers of the Chicago
Park District. The validity of the bonds is not dependent on nor affected
by the validity or regularity of any proceedings relating to the acquisition,
purchase, construction, reconstruction, improvement, betterment or extension
of the project for which the bonds are issued. The ordinance authorizing
the bonds may provide that the bonds shall contain a recital that they are
issued pursuant to the Project Sections, which recital is conclusive evidence
of their validity and of the regularity of their issuance.
(Source: P.A. 82-493.)
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