(15 ILCS 520/5)
(from Ch. 130, par. 24)
Each proposal shall state the amount of deposits sought by such
proposals and the rate of interest such bank or savings and loan association
will pay on daily balances.
Each proposal shall be enclosed in a sealed envelope bearing the name of
the bank or savings and loan association and labeled, "proposal for
deposit of State moneys".
Each proposal shall also include a commitment on the part
of the bidding bank or savings and loan association, executed by its
president, in the following
The ............. (name of bank or savings and loan association)
pledges not to reject
arbitrarily mortgage loans for residential properties
within any specific part of the community served by this depository
because of the location of the property. This depository
also pledges to make loans available on low and moderate income
residential property throughout the community within the limits
of its legal restrictions and prudent financial practices.
(Source: P.A. 83-541.)