A. Any Bonds issued under this Act, and any related Credit Agreement, are not a pledge of the faith and credit or moral obligation of the State or any State agency or political subdivision of the State. All Bonds, Bond Obligations and payment obligations deriving from any Credit Agreement are payable solely as provided in Section 4D.
     B. Any Bonds and any related Credit Agreement issued under this Act must contain a conspicuous statement to the effect that:

Terms Used In Illinois Compiled Statutes 30 ILCS 440/6

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

         1. Neither the State, nor any State agency, political
    
corporation, or political subdivision of the State, is obligated to pay the principal of or interest on the Bonds except as provided by this Act; and
        2. Neither the faith and credit of the State or any
    
State agency, political corporation, or political subdivision of the State, nor the moral obligation of any of them, is pledged to the payment of the principal of or interest on the Bonds.
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