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Purchase or Lease of Waterworks

  • 65 ILCS 5/11-127-1— In all municipalities where waterworks have been constructed, the corporate authorities of the municipality may purchase or lease the waterworks from the owner thereof
  • 65 ILCS 5/11-127-2— Municipalities may borrow money, appropriate money, and levy and collect a general tax in the same manner as other municipal taxes may be levied and collected for the purchase and maintenance or the lease and maintenance of such waterworks