Illinois Compiled Statutes 65 ILCS 5/8-4.1-9 – Any redemption premium payable upon the redemption of Bonds may be …
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Terms Used In Illinois Compiled Statutes 65 ILCS 5/8-4.1-9
- Applicable Law: means any provision of this Code or any other provision of law authorizing municipalities to issue Bonds. See Illinois Compiled Statutes 65 ILCS 5/8-4.1-2
- Bonds: means any instrument evidencing the obligation to pay money authorized or issued by or on behalf of a municipality under Applicable Law including, without limiting the generality of the foregoing, bonds, notes, installment or financing contracts, leases, certificates, tax anticipation warrants or notes, vouchers, or any evidence of indebtedness. See Illinois Compiled Statutes 65 ILCS 5/8-4.1-2
Any redemption premium payable upon the redemption of Bonds may be payable from the proceeds of refunding Bonds which may be issued under Applicable Law for the purpose of refunding such Bonds, from any other lawfully available source or from both proceeds and such other sources.