55 ILCS 5/ Counties Code.

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55 ILCS 5/6-4001

(55 ILCS 5/6-4001) (from Ch. 34, par. 6-4001)

Sec. 6-4001.

Bonds for construction or remodeling of courthouses.

Any
county with a population of more than 300,000 and an increase in population
of 30% or more from any decennial census to the next such census, by
resolution of its county board may incur indebtedness for the
reconstruction and remodeling of an existing courthouse or the construction
of a new courthouse and related facilities at the same or a new location
and for the acquisition of land and fixtures therefor, issue and sell
general obligation bonds therefor and levy taxes upon all taxable property
of the county sufficient to pay the principal on the bonds at maturity and
to pay interest thereon as it falls due.

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

55 ILCS 5/6-4002

(55 ILCS 5/6-4002) (from Ch. 34, par. 6-4002)

Sec. 6-4002.

Resolution.

The resolution of the county board
authorizing the issuance of the general obligation bonds shall prescribe
all the details of the bonds and specify the total amount of the bonds to
be issued, the form and denomination of the bonds, the date they are to
bear, the place they are payable, the date or dates of maturity, which
shall not be more than 30 years after the date of the bonds, the rate of
interest, which shall not exceed that authorized by "An Act to authorize
public corporations to issue bonds, other evidences of indebtedness and tax
anticipation warrants subject to interest rate limitations set forth
therein", approved May 26, 1970, as amended, and the dates on which the
interest is payable.

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

55 ILCS 5/6-4003

(55 ILCS 5/6-4003) (from Ch. 34, par. 6-4003)

Sec. 6-4003.

Tax levy.

The resolution authorizing the bonds shall
also provide for the levy and collection of a direct annual tax upon all
taxable property in the county sufficient to pay the principal of the bonds
at maturity and to pay the interest thereon as it falls due. Such tax shall
not exceed .05% of the value of the property as equalized or assessed by
the Department of Revenue, but shall not be subject to any other statutory
limitations relative to taxes which may be extended for county purposes,
and shall not be subject to the limitations provided in Section 5-1020. The tax
may be levied without referendum.

(Source: P.A. 88-670, eff. 12-2-94.)

55 ILCS 5/6-4004

(55 ILCS 5/6-4004) (from Ch. 34, par. 6-4004)

Sec. 6-4004.

Execution and terms of bonds.

The bonds shall be
executed by such officials as may be provided in the resolution authorizing
the issue.  The bonds may be made registerable as to principal and may be
made callable on any interest payment date at par and accrued interest after
notice has been given at the time and in the manner provided in the resolution.
The bonds shall remain valid even though one or more of the officers executing
the bonds ceases to hold office before the bonds are delivered.

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

55 ILCS 5/6-4005

(55 ILCS 5/6-4005) (from Ch. 34, par. 6-4005)

Sec. 6-4005.

Sinking fund.

The resolution of the county board 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
this Division.

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

55 ILCS 5/6-4006

(55 ILCS 5/6-4006) (from Ch. 34, par. 6-4006)

Sec. 6-4006.

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.)