65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-133-3

(65 ILCS 5/11-133-3) (from Ch. 24, par. 11-133-3)

Sec. 11-133-3.

Whenever certificates of indebtedness are issued pursuant to
this Division 133, the entire revenue received from the operation of the
waterworks system shall be deposited in a separate fund, designated as the
water fund of the municipality of ..... This fund shall be used only in
paying (1) the cost of maintenance and operation of the waterworks system,
(2) obligations of the municipality theretofore issued that are payable by
their terms from this revenue, whether in the form of certificates, bonds,
or otherwise, and (3) certificates issued pursuant to this Division 133.

Rates charged for water shall be sufficient to pay the cost of
maintenance and operation and to pay the principal of and interest upon all
of the specified certificates and bonds. These rates shall not be reduced
while any of these certificates or bonds are unpaid.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-133-4

(65 ILCS 5/11-133-4) (from Ch. 24, par. 11-133-4)

Sec. 11-133-4.

In case any officer whose signature appears on the specified
certificates or the coupons attached thereto ceases to hold his office
before the delivery of the certificates to the purchaser, his signature
nevertheless shall be valid and sufficient for all purposes, to the same
effect as if he had remained in office until the delivery of the
certificates. The specified certificates shall have all the qualities of
negotiable paper under the law merchant and the negotiable instruments law.

(Source: Laws 1961, p. 576.)

65 ILCS 5/Art. 11 Div. 134

(65 ILCS 5/Art. 11 Div. 134 heading) DIVISION 134.

WATER FILTRATION IN CITIES WITH

25,000 TO 500,000 INHABITANTS

65 ILCS 5/11-134-1

(65 ILCS 5/11-134-1) (from Ch. 24, par. 11-134-1)

Sec. 11-134-1.

Any city with a population of 25,000 or more but less than
500,000 which owns or operates its waterworks system, may contract with any
person for the filtration and treatment of its water supply.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-134-2

(65 ILCS 5/11-134-2) (from Ch. 24, par. 11-134-2)

Sec. 11-134-2.

The city council of any city availing itself of the
provisions of this Division 134, shall adopt an ordinance, incorporating
therein the contract to be entered into and authorizing the execution
thereof on behalf of the city. The contract, among other things, (1) shall
describe in a general way the plans and equipment to be constructed for the
purpose of such filtration and treatment, (2) shall refer to and make a
part thereof the plans and specifications for the plants and equipment, (3)
shall provide for the manner, terms, and conditions upon which the water is
to be filtered and treated, (4) shall provide for and fix the rate at which
the water will be filtered and treated, and (5) may prescribe a method of
redetermining that rate in the event such redetermination is provided for
by the terms of the contract. The rate so fixed and the method so
prescribed for redetermining the rate shall not be modified during the term
of the contract without the consent of both the city and the other
contracting party.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-134-3

(65 ILCS 5/11-134-3) (from Ch. 24, par. 11-134-3)

Sec. 11-134-3.

Such a contract may provide that the city has the right, at
its option, to acquire the filtration and treatment plants and equipment to
be constructed, upon the terms and conditions therein set forth. Filtration
and treatment plants and equipment so acquired by any city shall become a
part of its waterworks system, and the revenue derived therefrom shall be
deposited at all times in the water fund of the city provided for in
Section 11-134-5, for the uses and purposes therein specified.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-134-4

(65 ILCS 5/11-134-4) (from Ch. 24, par. 11-134-4)

Sec. 11-134-4.

At all times during the term of such a contract the city
shall establish, maintain, and collect rates for water supplied or
delivered to its water consumers sufficient to enable the city to pay for
all water filtered and treated under the terms of the contract at the rates
therein provided for. But this provision does not relieve the city from any
obligation to maintain such other rates as may be imposed upon it under the
terms of any other statutory provision or contract.

(Source: Laws 1961, p. 576.)