(65 ILCS 5/11-74-10) (from Ch. 24, par. 11-74-10)
Sec. 11-74-10.
No holder of any bonds issued under this Division 74 has the right to
compel any exercise of taxing power of the municipality to pay the bonds or
the interest thereon, and the bonds do not constitute an indebtedness of
the municipality or a loan of credit thereof within the meaning of any
constitutional or statutory provision. It shall be plainly stated on the
face of each bond that it has been issued under the provisions of this
Division 74 and that it does not constitute an indebtedness of the
municipality or a loan of credit thereof within the meaning of any
constitutional or statutory provision.
(Source: P.A. 77-1453.)
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