(70 ILCS 1205/9.1-1) (from Ch. 105, par. 9.1-1)
Sec. 9.1-1.
Any park district has the power, subject to the
limitations of Sections 9.1-1 through 9.1-6 of this Article to
acquire, construct and operate golf courses and toilet, locker and other
necessary facilities pertinent thereto, and extend or improve such
courses and facilities, borrow money, and as evidence thereof to issue
its bonds, payable solely from the revenue derived from the operation of
such golf courses and facilities. These bonds may be issued in such
amounts as may be necessary to provide sufficient funds to pay all the
costs of the acquisition or construction, or extension
or improvement of
golf courses and facilities, including engineering, legal, and other
expenses, together with interest on the bonds to a date 6 months
subsequent to the estimated date of the completion. The bonds are
negotiable instruments and shall be executed by the president and
secretary of the district and countersigned by the treasurer.
(Source: P.A. 80-1495.)
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