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Illinois Statutes Chapter 65. Municipalities § 5/8-4-21. Sale or exchange of refunding revenue bonds

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 8-4-21. Such refunding revenue bonds may be exchanged on a basis of par for the securities to be refunded, or such bonds may be sold at not less than their par value and accrued interest and the proceeds received shall be used to pay the securities which are to be refunded thereby.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 65. Municipalities § 5/8-4-21. Sale or exchange of refunding revenue bonds - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-65-municipalities/il-st-sect-65-5-8-4-21/

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