(70 ILCS 5/14.4) (from Ch. 15 1/2, par. 68.14d)
Sec. 14.4.
Bonds registered and negotiable.
Bonds, whether payable from
taxes or
from revenues, may be made
registrable either as to principal or as to both principal and
interest and shall be deemed to be negotiable
instruments and shall be executed by the Chairman of the Authority and its
Secretary and shall be sealed with the corporate seal of the Authority. The
facsimile signatures of the Chairman and the Secretary of the Authority may
be used on all bonds and on all interest coupons attached to said bonds
in lieu of their
actual signatures. In case any officer whose signature appears on the
bonds, or any portion thereof, or in facsimile form to any bonds or any
coupons attached
to the bonds, or any portion thereof, ceases to hold his office before
delivery of the bonds, his signature, nevertheless, shall be valid and
sufficient for all purposes, the same as if he had remained in office until
after the said bonds had been delivered.
(Source: P.A. 84-125.)
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