§ 10-709

Illinois § 10-709

• Jurisdiction: Illinois
• Topic: TRANSPORTATION
• Ch. 605: ROADS AND BRIDGES
• Act 605 ILCS 5/: Illinois Highway Code.
• Art.: Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

Text

Such refunding revenue bonds may be exchanged on a basis of par for the securities to be refunded, or such bonds may be sold at not less than their par value and accrued interest and the proceeds received shall be used to pay the bonds which are to be refunded thereby.

Legislative History

(Source: Laws 1959, p. 196.)