(70 ILCS 1825/10) (from Ch. 19, par. 260)
Sec. 10.
All bonds, whether general obligation or revenue, shall be sold
by the Board in such manner as the Board shall determine, except that if
issued to bear interest at the maximum rate permitted in "An Act to
authorize public corporations to issue
bonds, other evidences of indebtedness and tax anticipation warrants subject
to interest rate limitations set forth therein", approved May 26, 1970,
as now or hereafter amended, the bonds shall be sold for not less than par and accrued
interest and except that the selling price of bonds bearing interest at
a rate less than the maximum rate permitted in that Act
shall be such that the interest cost to the District of the money received
from the bond sale shall not exceed such maximum rate annually computed
to absolute maturity of the bonds according to standard tables of bond values.
(Source: P.A. 82-902.)
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