(30 ILCS 415/10) (from Ch. 127, par. 710)
Sec. 10.
The State of Illinois is authorized from time to time to issue, sell and
provide for the retirement of bonds of the State of Illinois for the sole
purpose of refunding all or any portion of the principal of the Bonds;
provided that such refunding bonds shall mature within the terms of the
Bonds. Such refunding bonds shall in all other respects be subject to the
terms and conditions of Sections 3, 4, 6, 7, 8 and 9 of this Act. The
principal amount of any such refunding bonds shall not exceed 103% of the
principal amount of the Bonds refunded with the proceeds of such refunding
bonds.
(Source: P.A. 77-150.)
|