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70 ILCS 1510/12

Known as the Chicago Park District Working Cash Fund Act

The act spans §§ 70-1510-0-01 to 70-1510-9 (17 sections).

P.A. 82-493.

All bonds issued under the Project Sections have a lien upon the income and revenues derived by the Chicago Park District with respect to the project for which the bonds have been issued, and the ordinance authorizing such bonds may provide for the issuance of additional bonds to be equally and ratably secured by a lien upon such income and revenues or may provide that the lien upon such income and revenues for future bonds is subordinate.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.