(70 ILCS 1820/11) (from Ch. 19, par. 861)
Sec. 11.
Upon the issue of any revenue bonds as herein provided the
Board shall fix and establish rates, charges and fees for the use of
facilities acquired, constructed, reconstructed, extended or improved with
the proceeds derived from the sale of said revenue bonds sufficient at all
times with other revenues of the District, if any, to pay: (a) the cost
of maintaining, repairing, regulating and operating the said facilities; and
(b) the bonds and interest thereon as they become due, and all sinking
fund requirements and other requirements provided by the ordinance authorizing
the issuance of the bonds or as provided by any trust agreement executed to
secure payment thereof.
To secure the payment of any or all revenue bonds and for the
purpose of setting forth the covenants and undertaking of the District in
connection with the issuance of revenue bonds and the issuance of any
additional revenue bonds payable from such revenue income to be derived from
the terminals, terminal facilities, airports, airfields and port facilities
the District may execute and deliver a trust agreement or agreements except
that no lien upon any physical property of the District shall be created
thereby. A remedy for any breach or default of the terms of any such trust
agreement by the District may be by mandamus proceedings in any court of
competent jurisdiction to compel performance and compliance therewith,
but the trust agreement may prescribe by whom or on whose behalf such action
may be instituted.
(Source: P.A. 79-1475.)
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