Illinois Code § 50 ILCS 450/6

The bonds shall be executed by such officials as may be provided in the
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resolution authorizing the issue. They may be made registerable as to
principal and may be made callable on any interest payment date at par and
accrued interest after notice has been given at the time and in the manner
provided in the resolution. The bonds shall remain valid even though one or
more of the officers executing the bonds ceases to hold office before the
bonds are delivered.

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