(50 ILCS 455/7)
(from Ch. 85, par. 2407)
The bonds shall bear the signatures of such officers of the authority
as may be designated in the resolution or ordinance authorizing such bonds
and such signatures shall be the valid and binding signatures of the officers
of the authority, notwithstanding that before the delivery thereof
and payments therefor any or all of the persons whose signatures appear
thereon have ceased to be officers of the authority issuing such bonds.
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, equipping, betterment or extension
of the facility for which the bonds are issued. The resolution or ordinance
authorizing the bonds may provide that the bonds shall contain a recital
that they are issued pursuant to this Act, which recital shall be conclusive
evidence of their validity and of the regularity of their issuance.
(Source: P.A. 82-783.)