(110 ILCS 805/3A-12) (from Ch. 122, par. 103A-12)
Sec. 3A-12.
When a community college district has issued bonds or other evidence of
indebtedness for any purposes which are binding and subsisting legal
obligations and remaining outstanding, the board of the district may, upon
the surrender of the bonds or other evidences of indebtedness, issue in
lieu thereof to the holders or owners thereof or to other persons for money
with which to pay them, new bonds or other evidences of indebtedness,
according to the subsequent provisions of this Article.
(Source: P.A. 78-669.)
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