Illinois Statutes
§ 6-9003 — Sale or exchange of bonds
Such refunding bonds may be exchanged par for par for principal, interest or both, described in the authorizing resolution, or may be sold at not less than their par value, and the proceeds of the sale shall be used only for the purpose of paying such principal, interest or both.
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Illinois § 6-9003 (Sale or exchange of bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 86-962.)
Nearby Sections
15
§ 6
§ 6§ 6-10001
Refunding bonds§ 6-10002
Ordinance§ 6-10003
Exchange or sale of refunding bonds§ 6-10004
Form of refunding bonds; maturity§ 6-10005
Reduction of tax§ 6-10006
Sinking fund§ 6-10007
§ 6-10007§ 6-10008
Applicability§ 6-1001
Annual budget§ 6-1002
Contents of annual budget§ 6-1004
Supplemental budget