(65 ILCS 5/11-74-9) (from Ch. 24, par. 11-74-9)
Sec. 11-74-9.
All bonds issued under this Division 74 have a lien upon the income and
revenues delivered by the municipality with respect to the industrial project
for which the bonds have been issued, and
the governing body may provide in the resolution or resolutions
authorizing such bonds for the issuance of additional bonds to be
equally and ratably secured by a lien upon such income and revenues or may provide
that the lien upon such income and revenues for future bonds is subordinate.
(Source: P.A. 81-1376.)
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