(55 ILCS 100/3) (from Ch. 96 1/2, par. 4003)
Sec. 3.
The governing body of any county availing itself of the provisions
of this Act shall adopt a resolution describing in a general way the coal
processing plant and system to be constructed and refer to plans and
specifications therefor prepared for that purpose which shall be open to
the inspection of the public. Said resolution shall set out the estimated
cost of such coal processing plant and system and fix the amount of bonds
proposed to be issued, maturity, interest rate and all details in respect
thereof. Revenue bonds issued under the provisions of this Act shall be
payable solely from the revenues derived from such plant and system, and
such bonds shall not in any event constitute an indebtedness of such county
within the meaning of the constitutional provisions or limitations, and it
shall be plainly stated on the face of each bond that the same has been
issued under the provisions of this Act and that it does not constitute an
indebtedness of such county within any constitutional or statutory
limitation.
After said resolution has been adopted and approved, it shall be
published once in a newspaper published and having a general circulation in
such county, or if there be no such newspaper, then copies of said
ordinance shall be posted in at least four public places, and after the
expiration of ten days from the date of such publication, shall be in full
force and effect.
(Source: Laws 1940, First Spec.Sess., p. 15.)
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