30 ILCS 310/1
Title of Act
Title of Act. This Act shall be known and may be cited as the "Registered Bond Act". (Source: P.A. 82-1059.)
Illinois Compiled Statutes 30 ILCS 310 — Registered Bond Act.
Illinois · statute · 30 ILCS 310 · 7 active provisions
30 ILCS 310/2
Definitions
Definitions. As used in this Act, the following words or terms shall have the meanings set forth opposite each, unless the context clearly indicates another meaning is intended: "Bonds" or "other evidences of indebtedness" mean any instrument providing for the payment of money executed by or on behalf of a public corpo…
30 ILCS 310/3
Findings
Findings. (a) The Tax Equity and Fiscal Responsibility Act of 1982 requires that certain obligations issued by a state or political subdivision thereof, in order for the interest thereon to be exempt from federal income taxes, be issued in registered form; and (b) It is in the best interests of the citizens of this Sta…
30 ILCS 310/4
Bonds issuable in registered form
Bonds issuable in registered form. Any public corporation may issue in registered form any bonds or other evidences of indebtedness it is authorized to issue by applicable law. The power to issue bonds or other evidences of indebtedness in such form shall not be conditioned upon or limited to only those which must be i…
30 ILCS 310/5
Other Acts and agreements
Other Acts and agreements. A public corporation may do or cause to be done all acts, or enter into all contracts, indentures and agreements, including, without limitation, trust or escrow agreements, agency agreements and registrar agreements and may expend such sums to effectuate same which are deemed necessary, appro…
30 ILCS 310/6
Construction of Act
Construction of Act. The grant of authority contained in this Act is supplemental and in addition to all other power or authority granted to public corporations, shall be construed liberally and shall not be construed as a limitation of any power or authority otherwise granted. (Source: P.A. 82-1059.)
30 ILCS 310/7
Effective date
Effective date. This Act takes effect upon its becoming a law. (Source: P.A. 82-1059.)