(70 ILCS 1205/9-1d) (from Ch. 105, par. 9-1d)
Sec. 9-1d.
Each park district which issues bonds and constructs a swimming
pool, or an artificial ice skating rink, under Section 9-1 hereof shall
charge for the use thereof at a rate which at all times is sufficient to
pay maintenance and operation cost, depreciation, and the principal and
interest on the bonds. Such district may make, enact, and enforce all
needful rules and regulations for the construction, acquisition,
improvement, extension, management, maintenance, care and protection of its
swimming pool, or its artificial ice skating rink, and for the use thereof.
Charges or rates for the use of the swimming pool, or the artificial ice
skating rink, shall be such as the board may from time to time determine.
While any bond issued under Section 9-1 hereof is outstanding, such
district is required to maintain and operate its swimming pool, or its
artificial ice skating rink, as long as it can do so, out of the revenue
derived from the operation thereof. It shall not sell, loan,
mortgage, or in any other manner dispose of the swimming pool, or the
artificial ice skating rink, until all of the bonds so issued have been
paid in full, both principal and interest, or until provision has been made
for the payment of all of the bonds and interest thereon in full. Nothing in this
paragraph shall, however, prohibit any park district from leasing any such swimming pool
or artificial ice skating rink to any municipality, school district, or other
unit of local government, or from entering into any other agreement with any municipality, school
district, or other unit of local government by which lease or other agreement such swimming pool
or artificial ice skating rink may be operated and/or used in whole or in part by or for such
municipality, school district or other unit of local government, where such lease or other
agreement is not prohibited by the terms of such revenue bonds or the ordinance of the
park district authorizing them and where the revenues of the park district derived
from such lease or other agreement are deposited in the fund required by Section
9-1c hereof in connection with such revenue bonds.
Such a park district shall install and maintain a proper system of
accounts, showing the amount of revenue received from the operation of its
swimming pool, or its artificial ice skating rink. At least once each year,
the district shall have the accounts properly audited. A report of this
audit shall be open for public inspection at all times.
(Source: P.A. 79-356.)
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