(55 ILCS 5/5-11006) (from Ch. 34, par. 5-11006)
Sec. 5-11006.
Contract with bondholders.
The provisions of this
Division, and of any ordinance or other proceeding authorizing the issuance
of bonds under the provisions of this Division, shall constitute a contract
with the holders of such bonds, and any holder of a bond or bonds, or any
of the coupons of any bond or bonds of said county, issued under this
Division, may by action, mandamus, injunction or other proceeding, enforce
and compel the performance of all duties required by this Division,
including the making and collecting of sufficient charges and fees for
service and use thereof, and the application of income and revenue thereof.
In the event a trust agreement or agreements are executed and delivered to
secure the payment of any such bonds, said trust agreement or agreements
may prescribe by whom and on whose behalf such action may be instituted to
compel performance and compliance therewith and of the duties and
obligations required by this Division.
(Source: P.A. 86-962.)
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