(105 ILCS 5/34-66) (from Ch. 122, par. 34-66)
Sec. 34-66.
Resolution for refunding bonds - Name in which issued -
Signatures.
Whenever the board desires to issue refunding bonds under Section 34-65,
it shall adopt a resolution designating the purpose and fixing the
amount of the bonds proposed to be issued, the maturity thereof, the rate
of interest thereon, and the amount of taxes to be levied annually for the
purpose of paying the interest on and the principal of the bonds.
Refunding bonds shall be issued in the corporate name of the school
district. They shall be signed by the president and the secretary of the
board.
(Source: P.A. 86-930.)
|