§ 65 ILCS 5/11-118-1 Any municipality is authorized to pay for the construction of a …
§ 65 ILCS 5/11-118-2 The corporate authorities of any municipality availing itself of the …
§ 65 ILCS 5/11-118-3 Whenever revenue bonds have been issued under this Division 118, the …
§ 65 ILCS 5/11-118-4 In case an officer whose signature appears on these bonds, or the …
§ 65 ILCS 5/11-118-5 The electors of a municipality may adopt and become entitled to the …
§ 65 ILCS 5/11-118-6 If a majority of the votes cast upon this proposition are in favor of …

Terms Used In Illinois Compiled Statutes > 65 ILCS 5 > Article 11 > Art 11 prec Div 118 > Division 118 - Revenue Bonds to Construct Heating Plants

  • Contract: A legal written agreement that becomes binding when signed.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Municipalities: has the meaning established in Section 1 of Article VII of the Constitution of the State of Illinois of 1970. See Illinois Compiled Statutes 5 ILCS 70/1.27
  • property: means anything of value. See Illinois Compiled Statutes 720 ILCS 5/15-1
  • 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
  • threat: means a menace, however communicated, to:
         (a) Inflict physical harm on the person threatened or any other person or on property; or
         (b) Subject any person to physical confinement or restraint; or
         (c) Commit any criminal offense; or
         (d) Accuse any person of a criminal offense; or
         (e) Expose any person to hatred, contempt or ridicule; or
         (f) Harm the credit or business repute of any person; or
         (g) Reveal any information sought to be concealed by the person threatened; or
         (h) Take action as an official against anyone or anything, or withhold official action, or cause such action or withholding; or
         (i) Bring about or continue a strike, boycott or other similar collective action if the property is not demanded or received for the benefit of the group which he purports to represent; or
         (j) Testify or provide information or withhold testimony or information with respect to another's legal claim or defense; or
         (k) Inflict any other harm which would not benefit the offender. See Illinois Compiled Statutes 720 ILCS 5/15-5
  • Trustee: A person or institution holding and administering property in trust.