reglab/housing_qa huggingface dataset:
65 ILCS 5/11-129-7
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-129-7)Sec. 11-129-7.         This Division 129 authorizes the issuance of revenue bonds  provided for in this Division 129 without submitting the proposition for  the approval of the ordinance authorizing the bonds to the electors as  provided in Sections 8-4-1 and 8-4-2.    (Source: P.A. 91-357, eff. 7-29-99.)
65 ILCS 5/11-129-8
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-129-8)Sec. 11-129-8.         Any municipality with a population of less than 500,000  hereafter authorizing the issuance of bonds to pay the cost of acquiring a  water works, which bonds are payable solely from the revenue of such water  works, may pursuant to ordinance adopted by the governing body of such  municipality and as an incident thereto and for the purpose of assuring the  holder or holders of such bonds of a continuous, efficient management and  operation of such water works, provide for the establishment of a municipal  water board consisting of not less than 3 nor more than 7 members to  administer the action and function of such municipality in managing,  maintaining and operating such water works. The members of the board shall  be selected by the city council, board of trustees, or other governing body  of such municipality, and shall serve for such terms, receive such  compensation and successors shall be selected, as shall be specified by the  ordinance providing for the establishment of such board. The board shall  approve all contracts for materials and services and shall employ all such  persons as the proper and successful operation of such water works system  may require, including a superintendent, an engineer and an attorney. No  disbursement shall be made of any revenues of such water works system for  operation and maintenance expenses or to pay the cost of any additions or  improvements thereto, except such as are approved by such board. The holder  of any bond issued for the purpose of acquiring any such water works  system, or extending or improving the same may compel the board to perform  any act in respect to the management, maintenance or operation of the water  works system as may be required by the laws of this state or as may have  been undertaken in the ordinance or ordinances pursuant to which such board  was established or the bonds issued. If the adoption of such ordinance was  made a condition to the sale of water revenue bonds issued for the purpose  of acquiring such water works system, any such ordinance shall not be  repealed or amended prior to the retirement of the bonds without the  consent of the holders of two-thirds of the bonds then outstanding.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-129-9
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-129-9)Sec. 11-129-9.         In addition to other projects authorized by this  Division 129, any municipality with a population under 500,000 may  construct or acquire a water-supply system to serve a particular  locality within or without its corporate limits or to extend or improve  an existing water-supply system for the purpose of serving a particular  locality within or without the municipality not theretofore served by  its existing system, and may pay the cost thereof by the issuance and  sale of revenue bonds of the municipality, payable solely from the  revenue derived from the operation of the water-supply system  constructed or acquired for that particular locality, or from the  revenue derived from the operation of the improvements and extensions of  an existing system.Except insofar as inconsistent with Sections 11-129-9 through  11-129-11, the provisions of Section 11-129-1 through 11-129-8 shall  govern all matters connected with projects under this Section.  In  addition to the requirements of Section 11-129-3, an ordinance for a  project under this Section shall contain a description of the particular  locality to be served by the system, improvement or extension.    (Source: P.A. 80-1382.)
65 ILCS 5/11-129-10
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-129-10)Sec. 11-129-10.         After adoption of an ordinance for a project under  Section 11-129-9, the corporate authorities may make and enforce all  needful rules and regulations in connection with the construction,  acquisition, improvement, or extension, and with the management and  maintenance of the project to be constructed or acquired.  The corporate  authorities shall establish rates or charges to each user of the  water-supply system, improvement or extension at a rate which will be  sufficient at all times to pay the principal and interest of any bonds  issued to pay the cost thereof, maintenance, and operation of the  system, improvement, or extension and an adequate depreciation fund  therefor.  Charges or rates shall be established, revised, and  maintained by ordinance and become payable as the corporate authorities  may determine by ordinance.    (Source: P.A. 80-1382.)
65 ILCS 5/11-129-11
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-129-11)Sec. 11-129-11.         All revenue derived from the operation of a  water-supply system, improvement or extension constructed or acquired  under Section 11-129-9 shall be set aside as collected and deposited in  a special fund designated as a municipal water fund for the particular  locality.  The fund shall be used only for the purpose of paying the  cost of operating and maintaining the water-supply system, improvement  or extension, providing an adequate depreciation fund, and paying the  principal and interest on the bonds issued by the municipality under  Section 11-129-9 for the purpose of constructing or acquiring the  system, improvement or extension.    (Source: P.A. 80-1382.)
65 ILCS 5/Art. 11 Div. 130 heading
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 DIVISION 130.      CONSTRUCTION AND PURCHASE OF WATERWORKS
65 ILCS 5/11-130-1
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-1)Sec. 11-130-1.         Any municipality may purchase or construct waterworks or  construct improvements to its waterworks as provided in this Division 130.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-130-2
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-2)Sec. 11-130-2.         The term "waterworks", as used in this Division 130, means  and includes a waterworks system in its entirety or any integral part  thereof, including mains, hydrants, meters, valves, standpipes, storage  tanks, pumping tanks, intakes, wells, impounding reservoirs, or  purification plants.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-130-4
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-4)Sec. 11-130-4.         Within 10 days after such an ordinance has been passed it  shall be published at least once, with a notice to all persons concerned  stating that the ordinance has been adopted in one or more newspapers  published in the municipality, or, if no newspaper is published therein,  then in one or more newspapers with a general circulation within the  municipality. In municipalities with less than 500 population in which no  newspaper is published, publication may instead be made by posting a notice  in 3 prominent places within the municipality. Such notice shall state that  the municipality contemplates the issuance of the bonds described in the  ordinance, and that any person interested may appear before the corporate  authorities upon a certain date, which shall not be less than 10 days  subsequent to the publication or posting of the ordinance and notice, and  present protests. At this hearing all objections and suggestions shall be  heard, and the corporate authorities shall take such action as they shall  deem proper in the premises.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-130-5
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-5)Sec. 11-130-5.         Bonds provided for in this Division 130 shall be issued in  such amounts as may be necessary to provide sufficient funds to pay all  costs of the purchase or construction, including engineering, legal, and  other expenses, together with interest to a date 6 months subsequent to the  estimated date of completion. Bonds issued under this Division 130 are  negotiable instruments. They shall be executed by the mayor, or president  and by the municipal clerk and shall be sealed with the corporate seal of  the municipality. In case any of the officers whose signatures appear on  the bonds, or coupons attached thereto, ceases to hold his office before  delivery of the bonds, his signature nevertheless shall be valid and  sufficient for all purposes the same as if it had remained in office until  the delivery of the bonds. The bonds may be sold at not less than 90 cents  on the dollar, and the proceeds derived therefrom shall be used exclusively  for the purposes for which the bonds were issued. The bonds may be sold at  one time or in parcels as funds are needed, but no bond shall be delivered  until bids for the construction, or the offer to sell, in the case of a  purchase, has been received, or judgment has been entered in the event of a  condemnation, and it is apparent that the authorized bonds will pay for the  contemplated waterworks.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-130-6
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-6)Sec. 11-130-6.         Revenue bonds issued under this Division 130 shall be  payable solely from the revenue derived from the operation of the  waterworks on account of which the bonds were issued. These bonds shall not  in any event constitute an indebtedness of the municipality within the  meaning of any constitutional or statutory limitation. It shall be plainly  stated on the face of each bond that the bond has been issued under this  Division 130 and that it does not constitute an indebtedness of the  municipality within the meaning of any constitutional or statutory  limitation.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-130-7
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-7)Sec. 11-130-7.         There is hereby created a statutory mortgage lien upon the  waterworks so purchased or constructed from the proceeds of the bonds  authorized to be issued under this Division 130.  This lien exists in favor  of the holder of each of the bonds, and in favor of the holder of each of  the coupons attached to the bonds.  The waterworks shall remain subject to  this statutory mortgage lien until the principal and interest of the bonds  are paid in full.  Any holder of bonds issued under this Division 130, or of  any coupons representing interest accrued thereon, may, in a civil action,  enforce the statutory mortgage lien hereby created, and may compel the performance  of the duties of the officials of  the issuing municipality set forth in this Division 130.If there is a default in the payment of the principal of and/or interest  upon any of these bonds, the circuit court  in any proper action  may appoint a receiver to administer the waterworks on behalf of the  municipality with power to charge and collect rates sufficient to provide  for the payment of the bonds and interest thereon, and for the payment of  the operating expenses and with power to apply the revenue in conformity  with this Division 130 and the ordinance providing for the issuance of the  bonds.    (Source: P.A. 79-1361.)
65 ILCS 5/11-130-8
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-8)Sec. 11-130-8.         Rates for water fixed precedent to the issuance of bonds  shall not be reduced until all of the bonds have been fully paid, and,  whenever necessary, may be increased in amounts sufficient to provide for  the payment of the bonds, both principal and interest, and to provide  proper funds for the depreciation account and operation and maintenance  charges.If any surplus accumulates in the operating and maintenance fund in  excess of the cost of maintaining and operating the waterworks during the  remainder of the then current fiscal year, and during the next ensuing  fiscal year, that excess may be transferred by the corporate authorities  either to the depreciation account or to the bond and interest redemption  account as the corporate authorities may designate. If any surplus  accumulates in the depreciation account over and above that which the  corporate authorities find may be necessary for the probable replacements  which may be needed during the remainder of the then present fiscal year  and the next ensuing fiscal year, that excess may be transferred to the  bond and interest redemption account. If any surplus exists in the bond and  interest redemption account that surplus shall be applied insofar as  possible in the purchase or retirement of outstanding revenue bonds payable  from that account, and for that purpose the corporate authorities are  hereby authorized to purchase bonds not due in the open market at not more  than the fair market value thereof.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-130-9
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-9)Sec. 11-130-9. For the purpose of purchasing any waterworks under this  Division 130, or for the purpose of purchasing any property necessary  therefor, the municipality has the right of eminent domain as provided by  the Eminent Domain Act.       (Source: P.A. 94-1055, eff. 1-1-07.)
65 ILCS 5/11-130-10
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-10)Sec. 11-130-10.         Whenever a municipality owns and operates a waterworks  system, whether purchased or constructed under this Division 130 or not,  and desires to construct improvements thereto, it may issue revenue bonds  under this Division 130 to pay for that construction. The procedure for  that issuance, including the fixing of rates and the computation of the  amount thereof, shall be the same as is provided in this Division 130 for  the issuance of bonds for the purchase or construction of waterworks by a  municipality, except that in the ordinance declaring the intention to issue  the bonds and providing details in connection therewith, the corporate  authorities shall find and declare, in addition to the other requirements  set out in this Division 130, the value of the then existing waterworks and  the value of the property proposed to be constructed. The revenue derived  from the waterworks when the contemplated improvements are completed shall  be divided according to those 2 values. So much of the revenue as is in  proportion to the value of the improvements as distinguished from the value  of the previously existing waterworks, as so determined, shall be set aside  and used solely for the purpose of paying the revenue bonds issued for the  improvements, together with the cost of the operation and the depreciation  thereof, and that revenue shall be deemed to be income derived exclusively  from the improvements.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-130-11
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-11)Sec. 11-130-11.         Any municipality issuing revenue bonds under this Division  130 shall install and maintain a proper system of accounts, showing the  amount of revenue received and its application. At least once a year the  municipality shall have the accounts properly audited by a competent  auditor. The report of that audit shall be open for inspection at all  proper times to any taxpayer, water-user, or any holder of bonds issued  under this Division 130, or to anyone acting for and on behalf of the  taxpayer, water-user, or bondholder.The treasurer of the municipality shall be custodian of the funds  derived from income received from waterworks purchased or constructed  either in whole or in part under the provisions of this Division 130. He  shall give proper bond for the faithful discharge of his duties as such  custodian, and this bond shall be fixed and approved by the corporate  authorities of the municipality.All of the funds received as income from waterworks purchased or  constructed in whole or in part under the provisions of this Division 130,  and all of the funds received from the sale of revenue bonds issued to  construct such a waterworks system, shall be kept separate and apart from  the other funds of the municipality. The treasurer shall maintain separate  accounts in which shall be placed (1) the interest and sinking fund, (2)  the depreciation fund and (3) the operating and maintenance fund. He shall  also provide for refunding outstanding certificates payable out of water  revenue.    (Source: Laws 1961, p. 576.)
65 ILCS 5/11-130-12
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-130-12)Sec. 11-130-12.         Whenever all of the holders of unpaid water revenue  certificates of a particular issue, which were issued prior to July 8,  1927, to pay the cost of constructing waterworks and are payable from the  revenue thereof, offer in writing to exchange the certificates for  refunding revenue bonds to be issued under this Division 130, the corporate  authorities shall receive the certificates, and if found to be properly  executed, may adopt an ordinance incorporating therein the offer of the  certificate holders. This ordinance shall set forth the determined value of  the waterworks as it then exists, the value of as much of the waterworks as  was paid for by the issue of certificates, the unpaid portion of which are  proposed to be refunded, and the details in connection with the issuance of  the refunding revenue bonds in the same manner as is provided for in this  Division 130. The ordinance also shall fix the minimum rates to be charged  for water and pledge that revenue, if and when the refunding revenue bonds  are issued, to pay these refunding revenue bonds. The revenue shall be  applied as provided in this Division 130 and particularly in Sections  11-130-8 and 11-130-9.The amount of the refunding revenue bonds shall not exceed and may be  less than the par amount of the certificates to be surrendered and shall  not exceed and may be less than the determined value of so much of the  waterworks as was paid for by that issue of certificates, less the amount  of certificates paid. The ordinance shall be published, or posted, together  with a notice of a hearing thereon, and a hearing shall be had thereon, in  the same manner as is provided in this Division 130. After such a hearing  the refunding revenue bonds specified in the offer may be issued, or a less  amount thereof may be issued with the consent of the certificate holders,  or the ordinance may be repealed, as the corporate authorities shall  determine. If the refunding revenue bonds are issued, the certificates  shall be surrendered and cancelled simultaneously therewith. Refunding  revenue bonds issued under this Division 130 shall be payable only out of  revenue derived from the waterworks as provided in the ordinance and  according to the terms of this Division 130. Holders of refunding revenue  bonds issued under this Division 130 have rights similar to those of  holders of revenue bonds issued under this Division 130, including the  power to apply for a receiver to operate the waterworks. The municipality  is under the same obligations to the refunding bondholders as it is to  holders of revenue bonds issued under this Division 130.    (Source: Laws 1961, p. 576.)
65 ILCS 5/Art. 11 Div. 131 heading
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 DIVISION 131.      WATER FUND TAX IN CITIES
65 ILCS 5/11-131-1
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-131-1)Sec. 11-131-1.         The corporate authorities of any municipality, whether incorporated  under a special charter or the general law, which now has, or hereafter  may have, established or leased a waterworks system for the supply of  water to its inhabitants, has the power annually to levy and collect a  tax not to exceed .0166% of the value, as equalized or assessed by the  Department of Revenue, of the taxable property in the  municipality, for the extension of watermains or pipes in the municipality and for the  maintenance of its waterworks system, or for the creation of a sinking  fund to be applied to the establishment of a waterworks system. However,  the board of public works of the municipality, if any, or the head of the municipality's  water department, shall first certify to the corporate authorities the amount  that will be necessary for the specified purposes, and shall further  certify that the revenue from the waterworks system will be insufficient  therefor. This tax shall be known as the water fund tax and shall be  levied and collected in the same manner as are the other general taxes  of the municipality. A two-thirds majority of all the corporate authorities  may levy and collect annually, a  tax not to exceed .05% of the value, as equalized or assessed by the  Department of Revenue, of the taxable property in the  municipality, for the specified purposes.The corporate authorities of each municipality, with the concurrence of  two-thirds of all of the members elected thereto, may  levy and collect annually, in addition to all other taxes now authorized  by law, a further tax of not to exceed .033% of the value, as equalized  or assessed by the Department of Revenue, of the  taxable property in the municipality, to be used exclusively for the purpose of  supplying water to the municipality.Nothing in this Section increases the aggregate amount of tax, as  limited in Section 8-3-1, that may be levied in any one year.    (Source: P.A. 81-1550.)
65 ILCS 5/Art. 11 Div. 132 heading
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 DIVISION 132.      BETTERING SOURCE OF CITY WATER SUPPLY