(70 ILCS 1855/14) (from Ch. 19, par. 464)
Sec. 14.
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 such 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 such 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, port facilities,
aquariums, museums, planetariums, climatrons and other buildings, or
facilities which the District has the power to acquire, construct,
reconstruct, extend or improve, 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 the circuit court 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. 79-1361.)
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