Illinois Compiled Statutes 65 Municipalities: Article -

• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 0.01
  Short title. This Act may be cited as the Municipal Electric Refunding Revenue Bond Act. (Source: P.A. 86-1324.)
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 1
  Without submitting the question to the legal voters thereof for approval the corporate authorities of any city, village or incorporated town having a population...
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 2
  The ordinance authorizing such refunding revenue bonds shall prescribe all the details thereof and such bonds shall be in such form and denomination, payable...
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 3
  If any revenue securities which are to be refunded are secured by an indenture of mortgage or deed of trust, such indenture of mortgage...
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 4
  Whenever refunding revenue bonds are issued under this Act, sufficient revenues received from the operation of such municipally owned utility shall be set aside...
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 5
  Rates charged for service and the use of such utility shall be sufficient at all times to pay the cost of operation and maintenance,...
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 6
  Within thirty days after any ordinance providing for the issuance of refunding revenue bonds has been passed, it shall be published once in a newspaper...
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 7
  Such refunding revenue bonds may be exchanged on the basis of par for par for the securities to be refunded, or such bonds may...
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 8
  The corporate authorities of any such city, village or incorporated town are authorized to take any action that may be necessary to inform owners...
• Illinois Municipal Electric Refunding Revenue Bond Act. - 65 ILCS 85, Section 9
  This Act shall constitute complete authority for issuing refunding revenue bonds as herein provided without reference to any other laws and shall be construed...

Last modified: February 18, 2015