Sec. 8-4.1-5. The corporate authorities may provide for a reserve fund solely for the payment of the principal of and interest on Bonds.
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/il/chapter-65/act-5/8-4-1-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 8-4.1-5. The corporate authorities may provide for a reserve fund solely for the payment of the principal of and interest on Bonds. Bond proceeds may be used to provide such reserve fund.