Park District Refunding Bond Act

Sections covered

• 70 ILCS 1270/0.01Short title
• 70 ILCS 1270/1Special Districts › 70 ILCS 1270 — Park District Refunding Bond Act
• 70 ILCS 1270/2The 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 park district sufficient to pay the principal thereof and interest thereon as it matures
• 70 ILCS 1270/3The 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
• 70 ILCS 1270/4The 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 park district in the bond ordinance
• 70 ILCS 1270/5Special Districts › 70 ILCS 1270 — Park District Refunding Bond Act
• 70 ILCS 1270/6Special Districts › 70 ILCS 1270 — Park District Refunding Bond Act
• 70 ILCS 1270/7Special Districts › 70 ILCS 1270 — Park District Refunding Bond Act
• 70 ILCS 1270/8This Act shall apply to any park district, regardless of the law under which it is organized and operating, and shall constitute complete authority for issuing refunding bonds as herein provided without reference to other laws