Bonds shall bear the signatures of such officers of the Village as may be designated in the ordinance authorizing such bonds, and such signatures shall be the valid and binding signatures of the officers of the Village notwithstanding that before the delivery thereof and payments therefor, an or all of the persons whose signatures appear thereon have ceased to be officers of the Village issuing such bonds. The validity of the bonds is not dependent upon nor affected by the validity or regularity of the proceedings relating to the acquisition, purchase, construction, reconstruction, improvement, equipping, betterment or extension of the development project for which the bonds are issued. The ordinance authorizing the bonds may provide that the bonds shall contain a recital that they are issued pursuant to this Article, which recital is conclusive evidence of their validity and the regularity of their issuance. Failure on the part of the applicant or the Village to comply with the requirements of this Article of the Municipal Code shall not effect the validity of any industrial revenue bonds issued. (Ord. 0-81-26, 4-6-81)