(70 ILCS 1205/9.2-1) (from Ch. 105, par. 9.2-1)
Sec. 9.2-1.
Any park district has the power, subject to the limitations of Sections
9.2-1 through 9.2-6 of this Article to acquire, construct and operate
indoor or outdoor tennis courts, handball, racquetball, or squash courts,
or zoos and other necessary facilities pertinent thereto, and extend or
improve such courts or zoos and facilities, borrow money and as evidence
thereof to issue its bonds, payable solely from the revenue derived from
the operation of such indoor or outdoor tennis courts, handball,
racquetball, or squash courts, or zoos and facilities. These bonds may be
issued in such amounts as may be necessary to provide sufficient funds to
pay all the costs of the acquisition or construction, or extension or
improvement of indoor or outdoor tennis courts, handball, racquetball, or
squash courts, or zoos and facilities, including engineering, legal and
other expenses, together with interest on the bonds to a date 6 months
subsequent to the estimated date of the completion. The bonds are
negotiable instruments and shall be executed by the president and secretary
of the district and countersigned by the treasurer.
(Source: P.A. 77-2173.)
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