(55 ILCS 5/5-15018) (from Ch. 34, par. 5-15018)
Sec. 5-15018.
Ordinances relative to issuance of revenue bonds.
Any ordinance authorizing the issuance of revenue bonds as provided for in
this Division shall describe in a general way the contemplated project,
refer to general plans and specification prepared for any construction
work, which shall be placed on file in the office of the county clerk
available for inspection by the public.
Such ordinance shall also set out the total estimated cost of the
project, fix the amount of bonds proposed to be issued, the maturity or
maturities, the interest rate and all details in respect thereof, and the
covenants and undertakings of the county in connection with the application
of the income and revenue and the issuance of additional revenue bonds
thereafter as may be deemed necessary or advisable for assurance of the
payment of the bonds thereby authorized, and as may thereafter be issued.
(Source: P.A. 86-962.)
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