Sec. 40. Borrowing money and issuance of bonds.
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/il/chapter-70/act-1935/40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 40. Borrowing money and issuance of bonds. The Authority may incur debt and borrow money from time to time and, in evidence thereof, may issue and sell bonds in such amount or amounts as the Authority may determine in order to provide funds for carrying out the purposes of this Act and to pay all costs and expenses incident thereto. The Authority may refund and refinance, from time to time, bonds so issued and sold, as often as may be deemed to be advantageous by the Authority.