Illinois Statutes
§ 265-25 — Bonds; nature of indebtedness
Illinois·Topic GOVERNMENT·Ch. 70 SPECIAL DISTRICTS·Act 70 ILCS 200/ Civic Center Code.·Art. Article 265 - Vermilion County Civic Center
Under no circumstances shall any bonds issued by the Authority be or become an indebtedness or obligation of the State of Illinois or any unit of local government or school district within the State, nor shall any such bond or obligation be or become an indebtedness of the Authority within the purview of any constitutional limitation or provision, and it shall be plainly stated on the face of each bond that it does not constitute such an indebtedness or obligation but is payable solely from revenues or income.
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Illinois § 265-25 (Bonds; nature of indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 90-328, eff. 1-1-98.)
Nearby Sections
15
§ 265
District enlarged§ 265-1
Short title§ 265-10
Definitions§ 265-20
Rights and powers§ 265-22
Eminent domain§ 265-25
Bonds; nature of indebtedness§ 265-30
Investment in bonds§ 265-32
Bonds other than revenue bonds§ 265-35
Tax§ 265-40
Board created§ 265-45
Board members appointed§ 265-5
Purpose