65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-129-9

(65 ILCS 5/11-129-9) (from Ch. 24, par. 11-129-9)

Sec. 11-129-9.

In addition to other projects authorized by this
Division 129, any municipality with a population under 500,000 may
construct or acquire a water-supply system to serve a particular
locality within or without its corporate limits or to extend or improve
an existing water-supply system for the purpose of serving a particular
locality within or without the municipality not theretofore served by
its existing system, and may pay the cost thereof by the issuance and
sale of revenue bonds of the municipality, payable solely from the
revenue derived from the operation of the water-supply system
constructed or acquired for that particular locality, or from the
revenue derived from the operation of the improvements and extensions of
an existing system.

Except insofar as inconsistent with Sections 11-129-9 through
11-129-11, the provisions of Section 11-129-1 through 11-129-8 shall
govern all matters connected with projects under this Section.  In
addition to the requirements of Section 11-129-3, an ordinance for a
project under this Section shall contain a description of the particular
locality to be served by the system, improvement or extension.

(Source: P.A. 80-1382.)

65 ILCS 5/11-129-10

(65 ILCS 5/11-129-10) (from Ch. 24, par. 11-129-10)

Sec. 11-129-10.

After adoption of an ordinance for a project under
Section 11-129-9, the corporate authorities may make and enforce all
needful rules and regulations in connection with the construction,
acquisition, improvement, or extension, and with the management and
maintenance of the project to be constructed or acquired.  The corporate
authorities shall establish rates or charges to each user of the
water-supply system, improvement or extension at a rate which will be
sufficient at all times to pay the principal and interest of any bonds
issued to pay the cost thereof, maintenance, and operation of the
system, improvement, or extension and an adequate depreciation fund
therefor.  Charges or rates shall be established, revised, and
maintained by ordinance and become payable as the corporate authorities
may determine by ordinance.

(Source: P.A. 80-1382.)