Illinois Code § 55 ILCS 5/6-4004

Execution and terms of bonds.
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The bonds shall be
executed by such officials as may be provided in the resolution authorizing
the issue. The bonds 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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