Illinois Compiled Statutes 50 ILCS 30/6.8 – Each Council has the power to borrow money and to issue and sell or …
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Terms Used In Illinois Compiled Statutes 50 ILCS 30/6.8
- Lien: A claim against real or personal property in satisfaction of a debt.
Each Council has the power to borrow money and to issue and sell or pledge to any person its notes, bonds or other evidences of indebtedness which may be a lien upon any rights or property of such Council, or may be secured by a lien upon its revenue or upon the revenue of any project of such Council.