55 ILCS 5/ Counties Code.

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55 ILCS 5/6-5009

(55 ILCS 5/6-5009) (from Ch. 34, par. 6-5009)

Sec. 6-5009.

Sinking fund.

The resolution may provide for the
creation of a sinking fund to consist of the proceeds of the taxes levied
for the payment of the principal and interest upon these bonds. This fund
shall be faithfully applied to the purchase or payment of the bonds, and
the interest thereon, issued pursuant to the provisions of Sections 6-5006
through 6-5010.

(Source: P.A. 86-962.)

55 ILCS 5/6-5010

(55 ILCS 5/6-5010) (from Ch. 34, par. 6-5010)

Sec. 6-5010.

Sale of bonds.

The bonds shall be sold to the highest
and best bidder at not less than their par value and accrued interest. The
county board shall advertise for proposals to purchase the bonds. Such
advertisement shall be published at least once in a newspaper having
circulation within the county at least 10 days prior to the date for
opening the bids. The county board may reserve the right to reject any and
all bids and to readvertise for bids.

(Source: P.A. 86-962.)

55 ILCS 5/Div. 6-6

(55 ILCS 5/Div. 6-6 heading) Division 6-6.

Bonds for Hospitals, Police

Equipment and Voting Machines

55 ILCS 5/6-6001

(55 ILCS 5/6-6001) (from Ch. 34, par. 6-6001)

Sec. 6-6001.

Authorization.

The county board of any county with a
population of 1,000,000 or more may, before January 1, 1968, without
referendum, incur an indebtedness and issue general obligation bonds in an
amount not exceeding $10,000,000 for the purpose of hospital improvements,
police equipment, and additional voting machines, and may levy a tax for
the purpose of paying the principal and interest on such bonds.

(Source: P.A. 86-962.)

55 ILCS 5/6-6002

(55 ILCS 5/6-6002) (from Ch. 34, par. 6-6002)

Sec. 6-6002.

Bonds.

The bonds shall be issued in such denominations,
be for such term or terms, and bear interest at such rate as may be
specified in the resolution of the county board authorizing the issuance
of such bonds.

(Source: P.A. 86-962.)