(70 ILCS 1815/19) (from Ch. 19, par. 819)
Sec. 19.
The Port District has the continuing power to borrow money for the
purpose of acquiring, constructing, reconstructing, extending or improving
terminals, terminal facilities, port facilities and transportation
facilities thereto, and for acquiring any property and equipment useful for
the construction, reconstruction, extension, improvement or operation of
its terminals, terminal facilities and port and transportation facilities,
and for acquiring necessary cash working funds. To evidence the obligation
of the District to repay any money borrowed the Port District, pursuant to
ordinance adopted by the Board, from time to time may issue bonds or
certificates and may also from time to time issue and dispose of its
interest bearing revenue bonds or certificates to refund any bonds or
certificates at maturity or pursuant to redemption provisions or at any
time before maturity with the consent of the holders thereof.
(Source: P.A. 77-1799.)
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