65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-94-7

(65 ILCS 5/11-94-7) (from Ch. 24, par. 11-94-7)

Sec. 11-94-7.

Bonds issued by municipalities under "An Act authorizing
cities, villages, incorporated towns or park districts to construct and
operate a natatorium or swimming pool, to charge for the use of the same
and to provide for the cost thereof by issuing bonds payable solely from
revenue derived from the operation thereof, and to repeal an Act herein
named," approved February 20, 1935, as amended, shall be treated as having
been issued under this Division 94.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-94-8

(65 ILCS 5/11-94-8) (from Ch. 24, par. 11-94-8)

Sec. 11-94-8.

A municipality which owns a swimming pool or natatorium and
is subject to this Act may finance the cost of substantial improvements,
repairs or replacements by the issuance of bonds payable solely from the
revenue of the swimming pool or natatorium. The bonds shall be issued in
accordance with the terms of this Act relating to the original issue of
swimming pool or natatorium bonds, and may be subordinate to outstanding
bonds issued for the purchase or construction of the swimming pool or
natatorium.

The holders of the bonds have the same rights and privileges, subject to
any subordination that may be provided for, as the holders of the original
bonds issued under this Division.

The additional revenue bonds may be issued subject to the referendum
provision contained in Section 11-94-2 of this Act.

(Source: Laws 1967, p. 1342.)

65 ILCS 5/Art. 11 Div. 95

(65 ILCS 5/Art. 11 Div. 95 heading) DIVISION 95.

RECREATION SYSTEMS