Illinois Statutes Chapter 50. Local Government § 30/6.8. Borrowing of money and issuance of bonds

§ 6.8. 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.