(70 ILCS 1865/11) (from Ch. 19, par. 189)
Sec. 11.
Upon the issue of any revenue bonds as herein provided the Board
shall fix and establish rates, charges and fees for the use of facilities
required, constructed, reconstructed, extended or improved with the
proceeds derived from the sale of said revenue bonds sufficient at all
times with other revenues of the district, if any, to pay; (a) the cost of
maintaining, repairing, regulating and operating the said facilities; and
(b) the bonds and interest thereon as they become due, and all sinking fund
requirements and other requirements provided by the ordinance authorizing
the issuance of the bonds or as provided by any trust agreement executed to
secure payment thereof.
To secure the payment of any or all revenue bonds and for the purpose of
setting forth the covenants and undertaking of the District in connection
with the issuance of revenue bonds and the issuance of any additional
revenue bonds payable from such revenue income to be derived from the
terminals, terminal facilities, airports, airfields and port facilities the
District may execute and deliver a trust agreement or agreements except
that no lien upon any physical property of the District shall be created
thereby. A remedy for any breach or default of the terms of any such trust
agreement by the District may be by mandamus proceedings in any court of
competent jurisdiction to compel performance and compliance therewith, but
the trust agreement may prescribe by whom or on whose behalf such action
may be instituted.
(Source: Laws 1957, p. 640.)
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