65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-136-9

(65 ILCS 5/11-136-9) (from Ch. 24, par. 11-136-9)

Sec. 11-136-9.

All powers and duties of the commission heretofore set forth
in this Division 136 may be exercised within the municipalities
constituting the commission and in contiguous territory not more than 3
miles beyond the corporate limits of such municipalities and in the
territory necessary to interconnect any of the municipalities constituting
the commission. The commission shall keep proper accounting records which
records shall be kept so as to show the book value, reserve for
depreciation, revenue and expenses broken down as to type of utility and by
all municipalities making up the commission.

(Source: Laws 1961, p. 576.)

65 ILCS 5/Art. 11 Div. 137

(65 ILCS 5/Art. 11 Div. 137 heading) DIVISION 137.

CONTRACT FOR, PURCHASE OR LEASE

OF WATER AND SEWERAGE SYSTEMS

65 ILCS 5/11-137-1

(65 ILCS 5/11-137-1) (from Ch. 24, par. 11-137-1)

Sec. 11-137-1.

To enable municipalities to promote and procure the
construction and installation of waterworks and sewerage systems when it
becomes necessary for public health and welfare or for better sanitary
conditions of a municipality, each municipality may contract with any
person for a supply of water for public use, and for sewerage for drainage
and sanitary purposes of the municipality, for a period not exceeding 30
years. Any contract that is entered into by a municipality and pledged to
secure the bonds issued to construct any waterworks or sewerage system
shall enure at all times and under all conditions to the benefit of the
holders of any of the bonds so issued and for the payment of those bonds.

(Source: Laws 1961, p. 576.)