(605 ILCS 5/10-710) (from Ch. 121, par. 10-710)
Sec. 10-710.
The corporate authorities of any such municipality are
authorized to take any action that may be necessary to inform owners of
outstanding bonds regarding the financial condition of the fund out of
which the bonds are payable and the necessity of refunding the same and
readjusting the maturities thereof and the corporate authorities may enter
into any agreements required to prepare and carry out any refunding plan,
and without previous appropriation therefor under any law may incur and pay
expenditures that may be necessary in order to accomplish the refunding of such bonds.
(Source: Laws 1959, p. 196.)
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