(110 ILCS 405/4) (from Ch. 144, par. 48.4)
Sec. 4.
Whenever bonds are issued by the Board of Trustees, as provided in
this Act, it shall be the duty of such Board to establish charges or fees
for the use of any such building or buildings sufficient at all times to
pay maintenance and operation costs and principal of and interest on such
bonds, or sufficient, when added to University income authorized and
allocated for such purpose, to pay the costs specified in Section 6g of "An
Act in relation to State finance", approved June 30, 1919, as amended,
and in Section 1.1 of this Act, and all revenues derived from the
operation thereof and all University income authorized by law and allocated
by said Board for such purpose shall be set aside in a separate account and
fund which shall be used only in paying the cost of maintenance and
operation of said building or buildings, providing for the performance of
all obligations under all covenants in the resolution authorizing the issue
of said bonds, and paying the principal of and interest upon the bonds
issued for the purpose or purposes set forth and described in said
resolution authorizing the issue of said bonds.
(Source: Laws 1955, p. 796.)
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