(70 ILCS 3715/11) (from Ch. 111 2/3, par. 234)
Sec. 11.
Any ordinance or resolution authorizing the issuance of revenue
bonds as provided in this Act shall describe in a general way the
contemplated project, but it shall not be necessary to refer to plans and
specifications prepared for any construction work and such ordinance or
resolution may be passed prior to the preparation of plans or
specifications for construction work to be done.
Such ordinance or resolution shall also set out the total estimated cost
of the project, fix the amount of bonds proposed to be issued, the maturity
or maturities, the interest rate and all details in respect thereof, and
the covenants and undertakings of the authority in connection with the
application of the income and revenue and the issuance of additional
revenue bonds thereafter as may be deemed necessary or advisable for
assurance of the payment of the bonds thereby authorized, and as may
thereafter be issued.
(Source: Laws 1955, p. 1801.)
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