(605 ILCS 5/6-521) (from Ch. 121, par. 6-521)
Sec. 6-521.
The highway commissioner and the road district clerk of a road
district may take any action necessary to inform the owners of unpaid bonds
regarding the financial condition of the road district, the necessity of
refunding its unpaid bonds and readjusting the maturities thereof in order
that sufficient taxes may be collected to purchase or pay for the bonds.
The highway commissioner and the road district clerk may enter into any
agreement required to prepare and carry out any refunding plan and, without
any previous appropriation therefor under any budget law, may incur and pay
expenditures necessary in order to accomplish the refunding of the bonds of
the road district.
(Source: Laws 1959, p. 196.)
|