reglab/housing_qa huggingface dataset:
605 ILCS 5/10-504
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-504)Sec. 10-504.         Any municipality within this state for the purpose of  acquiring, paying for, maintaining, or constructing any such bridge or  bridges, and the approaches thereto as in this Division of this Article  provided, is authorized to issue such bonds under the general laws of  this state in an amount which, together with all the other indebtedness  of such municipality, shall not exceed 5% on the assessed valuation of  the taxable property within the corporate limits of such municipality as  provided by law, the same to be payable out of the general revenue and  funds of such municipality.Provided, such municipality is also authorized to issue for the  purposes aforesaid, or any of them, bonds in such sum as may be  necessary for the purposes aforesaid or any of them, in addition to and  over and above the bonds first in this section hereinbefore provided  for, in excess of the said 5% of the assessed valuation of the property  within any such municipality. Such bonds shall not, however, be payable  out of nor be in charge upon any of the general revenue or funds of such  municipality, but shall be payable out of the income derived by such  municipality from the operation and maintenance of any such bridge or  bridges. And provided further, that before any such bonds shall be  issued, the question of the issuance thereof shall be submitted to a  vote of the legal voters of the municipality at an election in accordance  with the general election law and approved by a majority  of those voting on the question at such election: And provided further, that for the  purpose of securing such bonds so issued in excess of 5% of the assessed  valuation of the taxable property within such municipality, such  municipality may by the ordinance providing for the issuance of such  bonds, mortgage or pledge any such bridge or approaches, and the income  derived or to be derived therefrom, for the payment of such bonds, and  the interest thereon: And provided further, nothing herein shall prevent  such municipality from paying any such bonds issued in excess of said 5%  of such assessed valuation or the interest thereon out of the general  funds or revenue of such municipality, if it shall see fit so to do, if  at the time of so paying same out of such general funds and revenue of  such municipality, such municipality shall not be indebted in excess of  5% of the assessed valuation of the taxable property within such  municipality in excess of the amount so paid by such municipality out of  its general revenue and funds in the payment of such bonds. But nothing  herein shall be deemed, taken or held to entitle the holder or holders  of any such bond or bonds to payment of the same or of the interest  thereon out of any such general funds or revenue of such municipality.    (Source: P.A. 81-1489.)
605 ILCS 5/Art. 10 Div. 6 heading
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 DIVISION 6.      MUNICIPAL BRIDGES, FERRIES AND TERMINALS
605 ILCS 5/10-601
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-601)Sec. 10-601.         The corporate authorities of any municipality, have the power  to acquire by purchase, lease, or gift, ferries, bridges, the approaches  thereto, and not exceeding 4 acres of land within the corporate limits, or  within 5 miles of the corporate limits thereof for each ferry or bridge.  They also have the power to maintain, regulate and fix the tolls on these  ferries and bridges.    (Source: Laws 1959, p. 196.)
605 ILCS 5/10-603
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-603)Sec. 10-603.         Every bridge or ferry and also the approaches thereto, owned  or controlled by a municipality as provided in Section 10-602, when  outside the corporate limits, are subject to the municipal control and  ordinances of the municipality, the same as though the bridge or ferry and  the approaches thereto, were situated within the corporate limits of the  municipality. In such case the county may assist in the construction of  such bridge, as is now provided by law.    (Source: Laws 1959, p. 196.)
605 ILCS 5/10-604
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-604)Sec. 10-604.         Every municipality with a population of less than 500,000  which is located on a navigable stream has the power to acquire, construct,  maintain, and operate either within or without its corporate limits,  bridges and approaches, and transportation and other terminal facilities.    (Source: Laws 1959, p. 196.)
605 ILCS 5/10-605
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-605)Sec. 10-605.         For the purposes specified in Section 10-604, such a  municipality may levy and collect a special tax annually of not more  than .25 per cent of the value, as equalized or assessed by the  Department of Revenue, of taxable property situated in  the municipality. This tax shall be in addition to all other taxes that  the municipality may be authorized by law to levy and shall be in  addition to the amount authorized to be levied for general purposes as  provided in Section 8-3-1 of the Illinois Municipal Code, as now or  hereafter amended. However, this tax shall not be levied in the  municipality until the question of levying the tax has been submitted,  in accordance with the general election laws of this State, to the  electors of the municipality at an election and has been approved by a majority  of the electors  voting thereon. The corporate authorities of the municipality may initiate  the submission of such proposition to referendum by ordinance.The proposition shall be in substantially the following form:    --------------------------------------------------------------Shall (insert the name of municipality)be empowered to levy and collect a specialtax annually of .... per cent on each              YESdollar of the valuation of the taxableproperty for the purpose of acquiring,          --------------constructing, maintaining or operatingbridges or approaches and transportation           NOand other terminal facilities, as providedin Section 10-605 of the Illinois Highway Code?--------------------------------------------------------------If a majority of the electors of the municipality voting thereon vote  for the levy and collection of the tax provided for in this Section, the  municipality has the power to levy and collect the tax.The foregoing limitation upon tax rate may be increased or decreased  according to the referendum provisions of the General Revenue Law of  Illinois.    (Source: P.A. 81-1509.)
605 ILCS 5/10-606
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-606)Sec. 10-606.         Any municipality specified in Section 10-604 may issue bonds  for the purposes specified in Section 10-604. The amount of these bonds,  including the existing indebtedness of the municipality, shall not exceed,  in the aggregate, 5% of the value of the taxable property therein. This  value shall be ascertained by the last assessment for State and county  taxes previous to the issue of these bonds. The bonds authorized by this  section to be issued shall not be subject to the limit of indebtedness  provided for in Division 5 of Article 8 of the Illinois Municipal Code, as  heretofore or hereafter amended.    (Source: Laws 1961, p. 1415.)
605 ILCS 5/Art. 10 Div. 7 heading
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 DIVISION 7.      MUNICIPAL TOLL BRIDGES--ADDITIONAL AUTHORIZATION TO ACQUIRE, CONSTRUCT, MAINTAIN, ETC.
605 ILCS 5/10-701
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-701)Sec. 10-701.         In this Division of this Article, unless the context otherwise  requires:(1) "Bridge" means any bridge over or across a river, including any  bridges on the approaches thereto to eliminate intersection at grade with  any street, tunnel, public road, thoroughfare, highway, railroad or street  railroad, where the complete project is located entirely within the State;(2) "Net Revenue" means the gross revenue of a bridge less the  reasonable cost of operating, maintaining, and repairing the bridge;(3) "United States" means the United States of America and any agent or  agency thereof;(4) "Holder" means the holder or holders of any of the bonds issued  under this Division of this Article.    (Source: Laws 1959, p. 196.)
605 ILCS 5/10-702
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-702)Sec. 10-702. Every municipality has the power:(1) To acquire, by purchase or otherwise, construct,     operate and maintain, and repair any bridge within the corporate limits, or within 5 miles of the corporate limits of the municipality, including the necessary land therefor and the approaches thereto. In the exercise of the authority herein granted, the municipality may acquire such property, or any portion thereof or interest therein through condemnation proceedings for the exercise of the right of eminent domain under the Eminent Domain Act.(2) To acquire, purchase, hold, use, lease, mortgage,     sell, transfer, and dispose of any property, real, personal, mixed, tangible or intangible, or any interest therein in connection with such a bridge or bridges;(3) To fix, alter, charge, collect, segregate, and     apply tolls and other charges for transit over and use of such a bridge or bridges, provided that, if electronic toll collection is used on such bridge or ferry, the municipality shall configure the electronic toll collection system to be compatible with the electronic toll collection system used by the Illinois State Toll Highway Authority;(4) To borrow money, make and issue bonds payable     from and secured by a pledge of net revenue of the bridge for the construction of which such bonds may be issued;(5) To make contracts of every kind and nature and to     execute all instruments necessary or convenient for the carrying out of the purposes of this Division of this Article;(6) To accept grants from the United States and to     enter into contracts with the United States in connection therewith;(7) To enter upon any lands, areas, and premises for     the purpose of making soundings, surveys and examinations;(7.5) To enter into intergovernmental agreements with     the Illinois State Toll Highway Authority to provide for the compatibility of electronic toll collection services or to have the Authority provide electronic toll collection or toll violation enforcement services; and(8) To do all things necessary to carry out the     powers given in this Division of this Article. (Source: P.A. 97-252, eff. 8-4-11.)
605 ILCS 5/10-704
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-704)Sec. 10-704.         An ordinance authorizing bonds under this Division of this  Article may contain provisions, which shall be part of the contract with  the holders of the bonds, as to (1) the dates, maturities, denominations,  rate of interest, places, and medium of payment of the bonds and other  details in connection with the bonds or their issuance, (2) the rates of  tolls and other charges to be charged by the municipality for transit over  or use of the bridge, and their segregation and application, (3) the  registration of the bonds as to principal only or as to both principal and  interest, and the interchangeability and exchangeability of the bonds, (4)  the redemption of the bonds, and the price at which they are redeemable,  (5) the setting aside of reserves or sinking funds and the regulation and  disposition thereof, (6) limitations upon the issuance of additional bonds  payable from the revenue of the bridge or upon the rights of the holders of  these additional bonds, and (7) other agreements with the holders of the  bonds or covenants or restrictions necessary or desirable to safeguard the  interests of these holders.After the passage of an ordinance providing for the issuance of revenue  bonds under this Division of this Article, the ordinance shall be published  in the same manner and form as is required for other ordinances of the  municipality. The ordinance shall become effective 10 days after  publication, or, if approval of the plans and specifications by the  Department is subsequent thereto, upon the date of such approval.    (Source: Laws 1959, p. 196.)
605 ILCS 5/10-705
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-705)Sec. 10-705.         The municipality shall fix rates of toll to be charged for  transit over and use of such a bridge. These rates shall be so fixed,  charged, and adjusted as to provide revenue at all times sufficient, (1) to  pay the reasonable cost of maintaining (including insurance), operating,  and repairing the bridge; (2) to provide a sinking fund and reserves  sufficient to pay the principal of and interest on the bonds, including  refunding bonds, if any, out of the revenue from the bridge, as the bonds  mature and fall due; (3) to pay the redemption or repurchase price of all  bonds redeemed or repurchased before maturity as provided in this Division  of this Article; (4) to fulfill the terms and provisions of any agreement  with holders of the bonds; and (5) to provide, in addition to the toll  purposes specified in clauses (1) to (4), both inclusive, of this sentence,  a sinking fund of accumulated tolls and revenue in such amount (determined  by a registered professional engineer and approved by the Secretary of  Transportation) that the annual interest therefrom will provide adequate  income to pay the reasonable cost and extraordinary expenses of maintaining  (including insurance), operating, improving and repairing the bridge when  and as long as the municipality operates the bridge as a free bridge. The  rates provided for by clause (5) of the preceding sentence may be charged  for a period not to exceed 18 months after sufficient funds to pay all  bonds, including interest thereon, have been accumulated in the sinking  fund provided for by clause (2).An accurate record of the cost of each bridge, the expenditures for  maintaining, operating, and repairing the bridge, and of the daily tolls  collected, shall be kept and shall be available for the information of all  persons interested. The municipality shall classify in a reasonable way all  traffic over the bridge, and the tolls shall be fixed and adjusted by it as  to be uniform in their application to all traffic falling within any such  reasonable class.The municipality shall operate the bridge as a toll bridge until all  bonds payable out of the revenue thereof are paid in full, and thereafter  shall operate the bridge as a free bridge.    (Source: P.A. 77-173.)
605 ILCS 5/10-706
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-706)Sec. 10-706.         Any municipality may by ordinance authorize the issue of  refunding revenue bonds, payable solely from the revenues of a bridge to  refund the principal or accrued interest, or both, of its outstanding  revenue bonds issued hereunder, prior to their maturity, and the principal  and accrued interest of its matured outstanding revenue bonds issued under  the provisions of this Division of this Article, and which by their terms  are payable solely from the net revenues of the bridge. The refunding  revenue bonds may be made registerable as to principal and bear interest at  a rate not to exceed the maximum rate authorized by the Bond Authorization  Act, as amended at the time of the making of the contract,  payable at such time  or at such place as  may be provided for in the ordinance authorizing the issue thereof.With respect to instruments for the payment of money issued under this  Section either before, on, or after the effective date of this amendatory  Act of 1989, it is and always has been the intention of the General  Assembly (i) that the Omnibus Bond Acts are and always have been  supplementary grants of power to issue instruments in accordance with the  Omnibus Bond Acts, regardless of any provision of this Act that may appear  to be or to have been more restrictive than those Acts, (ii) that the  provisions of this Section are not a limitation on the supplementary  authority granted by the Omnibus Bond Acts, and (iii) that instruments  issued under this Section within the supplementary authority granted  by the Omnibus Bond Acts are not invalid because of any provision of  this Act that may appear to be or to have been more restrictive than  those Acts.    (Source: P.A. 86-4.)
605 ILCS 5/10-707
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-707)Sec. 10-707.         The ordinance authorizing such refunding revenue bonds shall  prescribe all the details thereof and the bonds shall be in such form and  denomination payable at such places, bear such date and be executed by such  officials as may be provided in the bond ordinance. The ordinance also  shall determine the life of the bridge. The refunding revenue bonds shall  mature within the life of the bridge as so determined and shall mature, in  any event, within not to exceed 40 years from their date, and may be made  callable on any interest payment date at a price of par and accrued  interest, after notice shall be given by publication or otherwise at any  time or times and in the manner as may be prescribed for in the bond  ordinance.The ordinance may contain such covenants and restrictions upon the  issuance of additional refunding revenue bonds, or revenue bonds for the  improvement and extension of such bridge as may be deemed necessary or  advisable for the assurance of the payment of the refunding revenue bonds  thereby authorized; such bonds shall be payable from the net revenues of  the bridge and such bonds shall not, in any event, constitute an  indebtedness of the municipality within the meaning of any constitutional  or statutory limitation, and it shall be plainly stated on the face of each  bond that it does not constitute an indebtedness of the municipality within  any constitutional or statutory provision or limitation.The validity of any refunding revenue bonds shall remain unimpaired,  although one or more of the officials executing the same shall cease to be  such officer or officers before delivery thereof, and such bonds shall have  all the qualities of negotiable instruments under the Law Merchant and the  Negotiable Instrument Law.    (Source: Laws 1959, p. 196.)
605 ILCS 5/10-708
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-708)Sec. 10-708.         After the ordinance providing for the issuance of  refunding revenue bonds has been passed, it shall be published in the  same manner and form as is required for other ordinances of the  municipality. The ordinance shall become effective 30 days after publication,  which publication shall include a notice of (1) the specific number of  voters required to sign a petition requesting that the question of the adoption  of the ordinance be submitted to the electors of the municipality; (2) the  time in which the petition must be filed; and (3) the date of the prospective  referendum, unless within such period a petition is filed with the  municipal clerk, signed by electors of the district numbering 10% or more  of the number of registered voters in the district, asking that the  question of issuing such bonds be submitted to the electors of the  municipality. The municipal clerk shall provide a petition form to any  individual requesting one. Upon the filing of such petition the municipal  clerk shall certify the proposition to the proper election officials, who  shall submit at an election such proposition in the manner provided by the  general election law. Such referendum shall be held and notice given in  accordance with the general election law. If a majority of the electors  voting upon the proposition voted in favor of the issuance of the bonds,  the ordinance shall be in effect; but if a majority of the votes cast are  against the issuance of the bonds, the ordinance shall not go into effect.    (Source: P.A. 87-767.)
605 ILCS 5/10-709
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-709)Sec. 10-709.         Such refunding revenue bonds may be exchanged on a basis of  par for the securities to be refunded, or such bonds may be sold at not  less than their par value and accrued interest and the proceeds received  shall be used to pay the bonds which are to be refunded thereby.    (Source: Laws 1959, p. 196.)
605 ILCS 5/10-710
2021 Illinois Compiled Statutes|Chapter 605 - ROADS AND BRIDGES|605 ILCS 5/ - Illinois Highway Code.|Article 10 - Special Provisions Concerning Bridges, Ferries, Terminals And Other Highway Structures

 (from Ch. 121, par. 10-710)Sec. 10-710.         The corporate authorities of any such municipality are  authorized to take any action that may be necessary to inform owners of  outstanding bonds regarding the financial condition of the fund out of  which the bonds are payable and the necessity of refunding the same and  readjusting the maturities thereof and the corporate authorities may enter  into any agreements required to prepare and carry out any refunding plan,  and without previous appropriation therefor under any law may incur and pay  expenditures that may be necessary in order to accomplish the refunding of such bonds.    (Source: Laws 1959, p. 196.)