Act
Fair and Exposition Authority Reconstruction Act
- 70 ILCS 215/1— This Act shall be known and may be cited as the "Fair and Exposition Authority Reconstruction Act"
- 70 ILCS 215/2— As used in this Act: "Authority" means the Metropolitan Pier and Exposition Authority created by the Metropolitan Pier and Exposition Authority Act
- 70 ILCS 215/3— The Metropolitan Pier and Exposition Authority is authorized to borrow money and issue bonds in a total amount not to exceed $40,000,000 for the purpose of reconstructing the convention hall and exposition building known as McCormick Place
- 70 ILCS 215/4
- 70 ILCS 215/5— The bonds shall be dated, issued and sold from time to time in such amounts as may be necessary to provide sufficient money for the purpose provided for in Section 3 and for the funding of the interest on such bonds for the period between the date of issuance and November 1, 1972
- 70 ILCS 215/6— The bonds shall be sold by the Authority in such manner as the Board may determine at not less than 95% of par
- 70 ILCS 215/7
- 70 ILCS 215/8— Appropriations may be made from time to time by the General Assembly to the Metropolitan Pier and Exposition Authority for the payment of principal and interest of bonds of the Authority issued under the provisions of this Act and for any other lawful purpose of the Authority
- 70 ILCS 215/9
- 70 ILCS 215/10