(110 ILCS 805/3A-11) (from Ch. 122, par. 103A-11)
Sec. 3A-11.
Purchasers of such bonds shall not be obligated to inquire into the validity of the indebtedness funded, and bonds issued under Sections 3A-6 through 3A-8 shall be the valid and binding obligations of the community college district, notwithstanding the fact that the bonds, together with existing indebtedness, either in whole or in part, exceed any statutory debt limitation in force at the time the bonds are issued.
(Source: P.A. 78-669.)
Sections: Previous 3A-4 3A-5 3A-6 3A-7 3A-8 3A-9 3A-10 3A-11 3A-12 3A-13 3A-14 3A-15 3A-16 3A-17 3A-18 Next
Last modified: February 18, 2015