(70 ILCS 1805/14) (from Ch. 19, par. 614)
Sec. 14.
The Port District has the continuing power to borrow money for the
purpose of acquiring, constructing, reconstructing, extending or improving
terminals, terminal facilities, port facilities and transportation
facilities thereto, and for acquiring any property and equipment useful for
the construction, reconstruction, extension, improvement or operation of
its terminals, terminal facilities and port and transportation facilities,
and for acquiring necessary cash working funds. To evidence the obligations
of the District to repay any money borrowed the Port District, pursuant to
ordinance adopted by the Board from time to time may issue and dispose of
its interest bearing revenue bonds or certificates and may also from time
to time issue and dispose of its interest bearing revenue bonds or
certificates to refund any bonds or certificates at maturity or pursuant to
redemption provisions or at any time before maturity with the consent of
the holders thereof.
(Source: Laws 1967, p. 3589.)