50 ILCS 450/7

Current through Public Act 103-1056
Section 50 ILCS 450/7 - Creation of sinking fund

The resolution may provide for the creation of a sinking fund to consist of the proceeds of the taxes levied under this Act and the rental income derived from the medical service facility. This fund shall be faithfully applied to the purchase or payment of bonds issued under this Act and the interest thereon.

50 ILCS 450/7

P.A. 76-660.