(70 ILCS 1865/10) (from Ch. 19, par. 188)
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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