(70 ILCS 1510/10) (from Ch. 105, par. 333.28e)
Sec. 10.
Any ordinance authorizing the issuance of bonds under the Project
Sections may contain covenants as to: (a) the use and disposition of the
income and revenues from or with respect to the project for which the bonds
are to be issued, including the creation and maintenance of reserves; (b)
the issuance of other or additional bonds payable from the income and revenues
from or with respect to such project; (c) the maintenance and repair of
such project; and (d) the insurance to be carried thereon and the use and
disposition of insurance moneys.
The provisions of the Project Sections and any such ordinance or ordinances
shall be a contract with the holder or holders of the bonds and continue
in effect until the principal of and the interest on the bonds so issued
have been fully paid, and the duties of the Chicago Park District and its
commissioners and officers under the Project Sections and any such ordinance
or ordinances are enforceable by any bondholder by mandamus or other appropriate
suit, action or proceedings in any court of competent jurisdiction.
(Source: P.A. 82-493.)
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