Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 1
  This Act may be cited as the Medical Service Facility Revenue Bond Act. (Source: P.A. 86-1475.)
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 2
  In this Act, unless a different meaning clearly appears from the context, the following terms shall have the following meanings: (a) "Authority" means any...
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 3
  The purpose of this Act is to enable local governmental units to serve the needs of the public more effectively in the communities of...
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 4
  An Authority has the power under this Act: (1) To construct, acquire by gift, purchase or lease, to reconstruct, improve, better or extend any...
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 5
  The exercise of all powers granted by this Act may be authorized, and bonds may be authorized to be issued under this Act for...
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 6
  Any resolution or ordinance authorizing the issuance of bonds under this Act may contain covenants as to (a) the use and disposition of the...
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 7
  The bonds shall bear the signatures of such officers of the authority as may be designated in the resolution or ordinance authorizing such bonds...
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 8
  All bonds issued under this Act have a lien upon the revenues and receipts derived from the facility for which the bonds have been...
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 9
  All bonds issued under and pursuant to this Act shall be limited obligations of the authority payable solely out of the revenues and receipts...
• Illinois Medical Service Facility Revenue Bond Act. - 50 ILCS 455, Section 10
  The authority, or any trustee on behalf of the authority, may invest any funds held by it pursuant to this Act in bonds, notes,...

Last modified: February 18, 2015