Illinois Code § 50 ILCS 440/1

The validity of any bond, interest coupon or certificate of
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indebtedness legally authorized and issued by any county, city, village,
incorporated town, township, school district, park district, road
district, drainage district, sanitary district, authority or any other
municipal corporation or political subdivision in the State of Illinois
shall remain unimpaired although one or more of the officers executing
such bond, interest coupon or certificate of indebtedness shall have
ceased to be such officer or officers before delivery thereof to the
purchaser.

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