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Division

Municipal Toll Bridges--Additional Authorization to Acquire, Construct, Maintain, Etc

  • 605 ILCS 5/10-701
  • 605 ILCS 5/10-702— Every municipality has the power: (1) To acquire, by purchase or otherwise, construct, operate and maintain, and repair any bridge within the corporate limits, or within 5 miles of the corporate limits of the municipality, including the necessary land therefor and the approaches thereto
  • 605 ILCS 5/10-703
  • 605 ILCS 5/10-704
  • 605 ILCS 5/10-705— The municipality shall fix rates of toll to be charged for transit over and use of such a bridge
  • 605 ILCS 5/10-706
  • 605 ILCS 5/10-707— The ordinance authorizing such refunding revenue bonds shall prescribe all the details thereof and the bonds shall be in such form and denomination payable at such places, bear such date and be executed by such officials as may be provided in the bond ordinance
  • 605 ILCS 5/10-708— After the ordinance providing for the issuance of refunding revenue bonds has been passed, it shall be published in the same manner and form as is required for other ordinances of the municipality
  • 605 ILCS 5/10-709— Such refunding revenue bonds may be exchanged on a basis of par for the securities to be refunded, or such bonds may be sold at not less than their par value and accrued interest and the proceeds received shall be used to pay the bonds which are to be refunded thereby
  • 605 ILCS 5/10-710
  • 605 ILCS 5/10-711
  • 605 ILCS 5/10-712— Revenue bonds, including refunding bonds, may be issued under this Division of this Article without submitting the proposition of the approval of the ordinance or the question of the issuance of the bonds to the electors of the municipality, except as otherwise provided in Section 10-708
  • 605 ILCS 5/10-713
  • 605 ILCS 5/10-714
  • 605 ILCS 5/10-715