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Code · Illinois · Chapter 105 — SCHOOLS · Act 5

Sec. 34-66. Resolution for refunding bonds - Name in which issued - Signatures.

100 words·~1 min read·/il/chapter-105/act-5/34-66

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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.
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