§ 19-13 — Sale or exchange of bonds

Illinois § 19-13

• Jurisdiction: Illinois
• Topic: EDUCATION
• Ch. 105: SCHOOLS
• Act 105 ILCS 5/: School Code.
• Art.: Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

Text

Any bonds issued under Sections 19-8 to 19-11, inclusive, may be exchanged par for par for claims or unpaid orders for wages of teachers, or both, or may be sold and the proceeds received used to pay such claims or orders.

Legislative History

(Source: Laws 1961, p. 31 .)