(105 ILCS 5/1E-95)
(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165)
Vesting powers in trustee or other authorized agent.
authorizing issuance of the Bonds shall vest in a trustee, paying agent, escrow
agent, or depository such rights,
powers, and duties in trust as the Authority may determine and may
contain such provisions for protecting and enforcing the rights and
remedies of the holders of the Bonds and limiting such rights and
remedies as may be reasonable and proper and not in violation of law,
including covenants setting forth the duties of the Authority in
relation to the exercise of its corporate powers and the custody,
safeguarding, and application of all moneys. The resolution shall
provide for the manner in which moneys in the various funds and accounts
of the Authority may be invested and the disposition of the
earnings on the investments.
(Source: P.A. 92-547, eff. 6-13-02