55 ILCS 5/ Counties Code.

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55 ILCS 5/6-8004

(55 ILCS 5/6-8004) (from Ch. 34, par. 6-8004)

Sec. 6-8004.

Payment of interest.

The bonds issued by authority of
this Division shall be payable at such time or times as the county board
may in said order determine not exceeding, however, twenty years from the
date of issue and shall bear interest at such rate per annum as shall by
said order be fixed not exceeding five per cent.

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

55 ILCS 5/6-8005

(55 ILCS 5/6-8005) (from Ch. 34, par. 6-8005)

Sec. 6-8005.

Sale of bonds.

The said bonds or such as may be necessary
shall be sold to the highest bidder under the direction of the county board
by receiving sealed bids therefor, but no bond shall be sold for less than
par and accrued interest and at least fifteen days notice of the time and
place of receiving bids for such bonds shall be given by the county clerk
by publication thereof for at least two successive weeks in some newspaper
of general circulation in said county.

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