55 ILCS 5/6-9003

Current through Public Act 103-593
Section 55 ILCS 5/6-9003 - Sale or exchange of bonds

Such refunding bonds may be exchanged par for par for principal, interest or both, described in the authorizing resolution, or may be sold at not less than their par value, and the proceeds of the sale shall be used only for the purpose of paying such principal, interest or both.

55 ILCS 5/6-9003

P.A. 86-962.