(65 ILCS 5/11-64-1) (from Ch. 24, par. 11-64-1)
Sec. 11-64-1.
Any municipality with a population of less than 500,000 may
issue bonds for the purpose of constructing, acquiring, purchasing,
improving, repairing or equipping a municipal hall or halls or any other
municipal building or buildings used for any municipal purpose, including
the acquisition of a site or sites therefor. The bonds shall be issued
subject to the provisions of Sections 8-4-1, 8-4-2 and 11-64-2. These bonds
may be issued in an amount which, including the existing municipal
indebtedness, does not exceed the constitutional limitation as to debt,
notwithstanding any legislative debt limitation to the contrary.
(Source: Laws 1961, p. 576.)
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