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Illinois Compiled Statutes
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MUNICIPALITIES (65 ILCS 5/) Illinois Municipal Code. 65 ILCS 5/11-119.2-9
(65 ILCS 5/11-119.2-9) (from Ch. 24, par. 11-119.2-9)
Sec. 11-119.2-9.
A.
In order to accomplish the purposes of this Division,
a municipality may enter into and carry out contracts and agreements for
the purchase from a municipal natural gas agency of natural gas and natural
gas transmission
services, natural gas supply development services and other services.
(1) Each such contract and agreement shall be for a period not to exceed
50 years and shall contain such other terms, conditions and provisions,
not inconsistent with the provisions of this Division, as the governing
body of such municipality shall approve, including, without limitation,
provisions whereby the municipality is obligated to pay for the products
and services of a municipal natural gas agency without set-off or counterclaim
and irrespective of whether such products or services are furnished, made
available or delivered to the municipality or whether any project contemplated
by any such contract and agreement is completed, operable or operating,
and notwithstanding suspension, interruption, interference, reduction or
curtailment of the products and services of such project.
(2) Each such contract and agreement may be pledged by such municipal
natural gas agency to secure its obligations and may provide that if one or more
municipalities defaults in the payment of its obligations under such contract
and agreement, the remaining municipalities having such contracts and agreements
shall be required to pay for and shall be entitled proportionately to use
or otherwise dispose of the products and services which were to be purchased
by the defaulting municipality.
(3) Each such contract and agreement shall be a limited obligation of
a municipality payable from and secured by a pledge of, and lien and charge
upon, all or any part of the revenues derived or to be derived from the
ownership and operation of its natural gas system as an expense of
operation and maintenance thereof, and shall not constitute an indebtedness
of such municipality for the purpose of any statutory limitation.
(4) Nothing in this Division shall be construed to preclude a municipality
from appropriating and using taxes and other revenues received in any year
to make payments due or to comply with covenants to be performed during
that year under any contract or agreement for a term of years entered into
as contemplated in this Division, subject to the provisions of laws regarding
local financing.
B. Any such contract or agreement may include provisions for requirements
purchases, restraints on resale or other dealings, exclusive dealing, pricing,
territorial division, and other conduct or arrangements which may have an
anti-competitive effect.
(Source: P.A. 84-1221.)
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65 ILCS 5/11-119.2-10
(65 ILCS 5/11-119.2-10) (from Ch. 24, par. 11-119.2-10)
Sec. 11-119.2-10.
Notwithstanding any other law to the contrary, the
State of Illinois and all its public officers, governmental units, agencies and
instrumentalities, all banks, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment
companies, and others carrying on a banking business, all insurance
companies, insurance associations and others carrying on any insurance
business, and all executors, administrators, guardians, trustees and other
fiduciaries may legally invest any sinking funds, money, or other funds
belonging to them or within their control in any bonds issued pursuant to
this Division and the bonds shall be authorized security for any and all
public deposits.
(Source: P.A. 84-1221.)
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65 ILCS 5/11-119.2-11
(65 ILCS 5/11-119.2-11) (from Ch. 24, par. 11-119.2-11)
Sec. 11-119.2-11.
A.
This Division shall be construed liberally to effectuate
its legislative intent and purpose, as complete and independent authority
for the performance of each and every act and thing authorized by this Division,
and all authority granted shall be broadly interpreted to effectuate this
intent and purpose and not as a limitation of powers. This Division is
expressly not a limit on any of the powers granted any unit of local government
of this State by constitution, statute, charter or otherwise, other than
when the unit of local government is acting expressly pursuant to this Division.
B. In the event of any conflict or inconsistency between this Division
and any other law or charter provision, the provisions of this Division shall prevail.
C. Any provision of this Division which may be determined by competent
authority to be prohibited or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and
any such prohibition or unenforceability in any jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction.
(Source: P.A. 84-1221.)
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65 ILCS 5/Art 11 prec Div 120
(65 ILCS 5/Art 11 prec Div 120 heading)
TRANSPORTATION SYSTEMS
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65 ILCS 5/Art. 11 Div. 120
(65 ILCS 5/Art. 11 Div. 120 heading)
DIVISION 120.
TRANSPORTATION SYSTEM TAX
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65 ILCS 5/11-120-1
(65 ILCS 5/11-120-1) (from Ch. 24, par. 11-120-1)
Sec. 11-120-1.
The corporate authorities of any city, village or incorporated town
may levy, annually, a tax of not to exceed .03% of the value, as
equalized or assessed by the Department of Revenue, on
all taxable property therein, to provide revenue for the purpose of
operating, maintaining and improving any local transportation system
owned and operated by such city, village or incorporated town. This tax
shall be in addition to all taxes authorized by law to be levied and
collected in the municipality and shall be in addition to the amount
authorized to be levied for general purposes as provided by Section
8-3-1.
(Source: P.A. 81-1509.)
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65 ILCS 5/11-120-2
(65 ILCS 5/11-120-2) (from Ch. 24, par. 11-120-2)
Sec. 11-120-2.
This Division 120 shall not be in force in any city,
village or incorporated town until the question of its adoption is
certified by the clerk and submitted to the electors of the city, village
or incorporated town and
approved by a majority of those voting on the question.
The question shall be in substantially the
following form:
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shall Division 120 of the Illinois Municipal Code permitting YES municipalities to levy an additional annual tax of not to exceed .03% - - - - - - - - - - - - - - - - - - - -
for the purpose of operating, maintaining and improving local NO transportation systems be adopted? - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
If a majority of the votes cast on the question is in favor of
adopting this Division 120, such division shall be adopted. It shall be
in force in the adopting city, village or incorporated town for the
purpose of the fiscal years succeeding the year in which the election is
held.
(Source: P.A. 81-1489 .)
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65 ILCS 5/Art. 11 Div. 121
(65 ILCS 5/Art. 11 Div. 121 heading)
DIVISION 121.
SUBWAY SYSTEM
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