Illinois Compiled Statutes 110 Higher Education: Article -

• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 1
  Citation. This Act shall be known and may be cited as the "Southern Illinois University Revenue Bond Act." (Source: Laws 1965, p. 2913.)
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 2
  Definitions. In this Act, unless the context otherwise requires: 1. "Board" means The Board of Trustees of Southern Illinois University or its successor. 2....
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 3
  Powers. The Board shall have power to: 1. Acquire any project or projects, or any combination thereof, and to own, operate and maintain the...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 3.5
  Eminent domain. Notwithstanding any other provision of this Act, any power granted under this Act to acquire property by condemnation or eminent domain is subject...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 4
  Issuance of bonds. (A) The Board shall have power, and is hereby authorized from time to time, to issue negotiable bonds (i) to acquire...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 5
  Security of bonds. In connection with the issuance of any bonds under this Act, and in order to secure the payment of any such...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 6
  Enforcement of contract. The provisions of this Act and of any resolution or other proceeding authorizing the issuance of bonds shall constitute a contract...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 7
  Moneys of the board. No moneys derived from the sale of bonds issued under the provisions of this Act, or pledged or assigned to...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 8
  Validity of bonds. The bonds bearing the signatures of officers of the Board in office on the date of the signing thereof shall be...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 9
  Prohibitions against obligating the State of Illinois. Nothing in this Act shall be construed to authorize the Board or the University to contract a...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 10
  Obligations of board. All bonds issued pursuant to this Act shall be obligations of the Board payable only in accordance with the terms thereof...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 11
  Bonds as legal investments. The State and all counties, cities, villages, incorporated towns and other municipal corporations, political subdivisions and public bodies, and public...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 12
  Excision of unconstitutional and ineffective parts of Act. It is hereby declared that the sections, clauses, sentences and parts of this Act are severable,...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 13
  Supplemental nature of act; construction and purpose. The powers conferred by this Act shall be in addition to and supplemental to the powers conferred...
• Illinois Southern Illinois University Revenue Bond Act. - 110 ILCS 525, Section 14
  Notwithstanding any other provision to the contrary, this Act is subject to the "State College Housing Construction Act". (Source: Laws 1967, p. 2187.)

Last modified: February 18, 2015