093_SB1601

 
                                     LRB093 02811 SJM 02827 b

 1        AN ACT concerning finance.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The General Obligation Bond Act is amended by
 5    changing Section 10 as follows:

 6        (30 ILCS 330/10) (from Ch. 127, par. 660)
 7        Sec. 10.  Execution of Bonds. Bonds shall  be  signed  by
 8    the  Governor  and  attested  by Secretary of State under the
 9    printed facsimile seal of the State and countersigned by  the
10    State  Treasurer  by his or her manual signature or by his or
11    her duly authorized deputy. If Bonds are issued in registered
12    form pursuant to the Registered Bond Act, the  signatures  of
13    the  Governor, the Secretary of State and the State Treasurer
14    may be printed facsimile signatures. Unless Bonds are  issued
15    in  fully  registered  form,  interest coupons with facsimile
16    signatures of the Governor,  Secretary  of  State  and  State
17    Treasurer  may  be  attached  to  the Bonds. The fact that an
18    officer whose signature or facsimile  thereof  appears  on  a
19    Bond  or  interest  coupon no longer holds such office at the
20    time the Bond or coupon is  delivered  shall  not  invalidate
21    such Bond or interest coupon.
22    (Source: P.A. 83-1490.)