§ 2-32-840 — Bond issuance procedures - Statutory authority

2-32-840 Bond issuance procedures - Statutory authority.

Pursuant to the authority granted by Section 6 of Article VII of the Constitution of Illinois 1970, the procedures hereby established for the issuance of water revenue bonds payable from the revenues to be derived from the operation of the Chicago Water System as herein provided for shall be controlling and shall be complied with by the city council in the borrowing of money through the issuance of water revenue bonds payable from revenues to be derived from the Chicago Water System of the city notwithstanding anything to the contrary contained in the provisions of the Illinois Municipal Code of 1961 and all acts amendatory thereof and supplementary thereto and any other laws of the State of Illinois. (Prior code § 7-74)