(70 ILCS 3010/13) (from Ch. 42, par. 319.13)
Sec. 13.
Every sanitary district also has the power to construct or acquire
a sewerage system to serve a particular locality within its corporate
limits or to extend or improve an existing sewerage system for the purpose
of serving a particular locality within the sanitary district not
theretofore served by its existing sewerage system, and to pay the cost
thereof by the issuance and sale of revenue bonds of the sanitary district
payable solely from the revenue derived from the operation of the sewerage
system constructed or acquired for that particular locality, or from the
revenue to be derived from the operation of the improvements and extensions
of an existing system. Except insofar as inconsistent with this section,
the provisions of section 2 of this Act govern all matters connected with
the bonds issued under this section.
Bonds issued under this section are payable solely from revenue derived
from the operation of that sewerage system or improvement or extension.
These bonds shall not, in any event, constitute an indebtedness of the
sanitary district, within the meaning of any constitutional or statutory
limitation, and it shall be so stated on the face of each bond. The face of
each bond shall also contain a description of the locality for which that
system or improvement or extension is constructed or acquired.
(Source: Laws 1941, vol. 2, p. 435.)
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