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Division

Issuance of Bonds

  • 65 ILCS 5/8-4-1
  • 65 ILCS 5/8-4-2— Such question shall be in substantially the following form: -------------------------------------------------------------- Shall bonds in the amount of $
  • 65 ILCS 5/8-4-3
  • 65 ILCS 5/8-4-4— The ordinance authorizing the refunding bonds shall prescribe all details thereof and shall provide for the levy and collection of a direct annual tax upon all the taxable property within the municipality sufficient to pay the principal thereof and interest thereon as it matures
  • 65 ILCS 5/8-4-5— The refunding bonds may be exchanged for the bonds to be refunded on the basis of dollar for dollar for the par value of the bonds, interest coupons, and interest not represented by coupons, if any
  • 65 ILCS 5/8-4-6— The refunding bonds shall be of such form and denomination, payable at such place, bear such date, and be executed by such officials as may be provided by the corporate authorities of the municipality in the bond ordinance
  • 65 ILCS 5/8-4-7
  • 65 ILCS 5/8-4-8
  • 65 ILCS 5/8-4-9
  • 65 ILCS 5/8-4-10
  • 65 ILCS 5/8-4-11— In every municipality there shall be a sinking fund commission, composed of the mayor or president, as the case may be, the chairman of the finance committee, and the comptroller, or if there is no comptroller, the municipal clerk
  • 65 ILCS 5/8-4-12
  • 65 ILCS 5/8-4-13
  • 65 ILCS 5/8-4-14
  • 65 ILCS 5/8-4-15— 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
  • 65 ILCS 5/8-4-16— If any revenue securities which are refunded are secured by an indenture of mortgage or deed of trust, such indenture of mortgage or deed of trust shall be properly released of record
  • 65 ILCS 5/8-4-17
  • 65 ILCS 5/8-4-18
  • 65 ILCS 5/8-4-19
  • 65 ILCS 5/8-4-20
  • 65 ILCS 5/8-4-21— 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 securities which are to be refunded thereby
  • 65 ILCS 5/8-4-22
  • 65 ILCS 5/8-4-23
  • 65 ILCS 5/8-4-24
  • 65 ILCS 5/8-4-25
  • 65 ILCS 5/8-4-26
  • 65 ILCS 5/8-4-27— (Repealed)