Illinois Compiled Statutes 110 Higher Education: Article -

• Illinois State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, Section 1
  Citation. This Act shall be known and may be cited as the "State Colleges and Universities Revenue Bond Act of 1967." (Source: Laws 1967,...
• Illinois State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, Section 2
  In this Act, unless the context otherwise requires: 1. "Board" means the Board of Governors of State Colleges and Universities or its successor. 2....
• Illinois State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, Section 3
  Powers. The Board shall have power for each such University to: 1. Acquire any project or projects, or any combination thereof, and to own,...
• Illinois State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, Section 4
  Issuance of bonds. (A) The Board has power, and is authorized from time to time, to issue negotiable bonds (i) to acquire any one...
• Illinois State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, Section 9
  Prohibitions against obligating the State of Illinois. Nothing in this Act shall be construed to authorize the Board or any University to contract a...
• Illinois State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, 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 State Colleges and Universities Revenue Bond Act of 1967. - 110 ILCS 615, Section 14
  Assumption of obligations. All contracts and agreements entered into by the Board of Governors of State Colleges and Universities on behalf of Chicago State...

Last modified: February 18, 2015