(65 ILCS 5/11-139-7) (from Ch. 24, par. 11-139-7)
Sec. 11-139-7.
Revenue bonds issued under this Division 139 shall be
payable solely from the revenue derived from the operation of the combined
waterworks and sewerage system on account of which the bonds are
issued; provided, that bonds issued under this Division 139 may also be
payable from funds pledged by the municipality issuing such bonds pursuant
to the Illinois Finance Authority
Act.
Notwithstanding any such pledge or any other matter,
these bonds shall not in any event constitute an indebtedness of the
municipality within the meaning of any constitutional or statutory
limitation and it shall be so stated on the face of each bond.
(Source: P.A. 93-205, eff. 1-1-04.)
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