(50 ILCS 30/13) (from Ch. 85, par. 1213)
Sec. 13.
Upon the issue of any revenue bonds the issuing Exhibition Council
shall fix and establish rates, charges and fees for the use of facilities
acquired, constructed, reconstructed, extended or improved with the
proceeds derived from the sale of said revenue bonds sufficient at all
times with other revenues of such Council, if any, to pay: (a) the cost of
maintaining, repairing, regulating and operating such Council property,
facilities and exhibits; and (b) the bonds and interest thereon as they
become due, and all sinking fund requirements and other requirements
provided by the resolution authorizing the issuance of the bonds or as
provided by any trust agreement executed to secure payment thereof.
To secure the payment of any or all revenue bonds and for the purpose of
setting forth the covenants and undertaking of an Exhibition Council in
connection with the issuance of revenue bonds and the issuance of any
additional revenue bonds payable from such revenue income to be derived
from the property, facilities and exhibits, each Exhibition Council may
execute and deliver a trust agreement or agreements except that no lien
upon any physical property of the Council shall be created thereby. A
remedy for any breach or default of the terms of any such trust agreement
by an Exhibition Council may be by mandamus proceedings in any court of
competent jurisdiction to compel performance and compliance therewith, but
the trust agreement may prescribe by whom or on whose behalf such action
may be instituted.
(Source: Laws 1965, p. 2861.)
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