(110 ILCS 947/165)
Validity of bonds.
The bonds bearing the signature of
officers of the Commission 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 of the 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 eligible loans purchased under this Act
or to issue any bonds being refunded thereby.
(Source: P.A. 87-997.)