(65 ILCS 85/4) (from Ch. 111 2/3, par. 110.4)
Sec. 4.
Whenever refunding revenue bonds are issued under this Act,
sufficient revenues received from the operation of such municipally owned
utility shall be set aside as collected and be deposited in a separate fund
which shall be used only in paying the cost of operation and maintenance of
such utility and provide an adequate depreciation fund, and pay the
principal of and interest upon the refunding revenue bonds issued under the
provisions of this Act that are payable by their terms only from such
revenues.
(Source: Laws 1941, vol. 1, p. 383.)
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