(65 ILCS 5/11-141-5) (from Ch. 24, par. 11-141-5)
Sec. 11-141-5.
All bonds issued under this Division 141 are payable solely
from the revenue derived from the operation of the sewerage system;
provided, that bonds issued under this Division 141 may also be
payable from funds pledged by the municipality issuing such bonds pursuant
to the Illinois Finance Authority
Act.
Notwithstanding any such pledge or any other matter, these
bonds shall not, in any event, constitute an indebtedness of the
municipality within the meaning of any constitutional or statutory
limitation. It shall be plainly stated on the face of each bond that the
bond has been issued under this Division 141 and that it does not
constitute an indebtedness of the municipality within any constitutional or
statutory limitation.
(Source: P.A. 93-205, eff. 1-1-04.)
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