Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 1
  This Act shall be known and may be cited as the "Industrial Building Revenue Bond Act." (Source: Laws 1967, p. 2135.)
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 2
  Definitions. In this Act, unless a different meaning clearly appears from the context: (a) "Authority" means any county, county public building commission in a...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 3
  It is the purpose of this Act to relieve unemployment and underemployment, to aid in the reemployment of persons returning to civilian life from...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 4
  An authority is empowered by this Act to: (a) Build, rebuild, acquire by gift or purchase, improve or extend an industrial project within and...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 5
  Exercise of the powers enumerated in Section 4 of this Act shall be by resolution adopted by a majority of the members of the...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 6
  A resolution authorizing issuance of bonds pursuant to this Act may contain covenants as to (a) the use and disposition of the income and...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 7
  Bonds issued under authority of this Act bearing signatures of persons who are officers of the authority on the date of issuance are valid...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 8
  The holders of bonds issued under this Act possess a lien on the income and revenues derived by an authority from the industrial projects...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 9
  No holder of bonds issued under authority of this Act may compel the exercise of the taxing power of the authority issuing the bonds...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 10
  The governing body of an authority that issues bonds pursuant to this Act shall establish and collect revenues for industrial projects and shall revise...
• Illinois Industrial Building Revenue Bond Act. - 50 ILCS 445, Section 11
  Revenue bonds issued solely for the purpose of financing an industrial project may be sold at private sale without advertisement. The bonds may be...

Last modified: February 18, 2015