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Division

Waterworks Certificates of Indebtedness

  • 65 ILCS 5/11-133-1— Any municipality with a population of 500,000 or more, owning and operating its waterworks system, may pay for improving and extending that system by the issuance and sale of certificates of indebtedness of the municipality
  • 65 ILCS 5/11-133-2— The corporate authorities of any municipality availing itself of the provisions of this Division 133, shall adopt an ordinance describing in a general way the improvements and extensions to be made and refer to the plans and specifications therefor prepared for that purpose
  • 65 ILCS 5/11-133-3— Whenever certificates of indebtedness are issued pursuant to this Division 133, the entire revenue received from the operation of the waterworks system shall be deposited in a separate fund, designated as the water fund of the municipality of
  • 65 ILCS 5/11-133-4