(50 ILCS 30/11) (from Ch. 85, par. 1211)
Sec. 11.
The holder or holders of any bonds or interest coupons
appertaining thereto issued by an exhibition council or any of its
officers, agents or employees of any contract or covenant made by the
council with the holders of such bonds or interest coupons and to compel
the council and any of its officers, agents or employees to perform any
duties required to be performed for the benefit of the holders of any such
bonds or interest coupons by the provision in the resolution authorizing
their issuance, and to enjoin the council and any of its officers, agents
or employees from taking any action in conflict with any such contract or
covenant, including, as respects the holders of revenue bonds or interest
coupons appertaining thereto issued by an exhibition council, the
establishment of charges, fees and rates for the admission, rental, license
or other use of facilities as hereinafter provided.
Notwithstanding the form and tenor of any bond, whether revenue or
general obligation, and in the absence of any express recital on the face
thereof that it is nonnegotiable, all such bonds shall be negotiable
instruments. Pending the preparation and execution of any such bonds,
temporary bonds may be issued with or without interest coupons as may be
provided by resolution.
(Source: P.A. 77-975.)
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