65 ILCS 5/8-1-2

65 ILCS 5/8-1-2
in effect
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(65 ILCS 5/8-1-2) (from Ch. 24, par. 8-1-2) Sec. 8-1-2. The corporate authorities may appropriate money for corporate purposes only and provide for payment of debts and expenses of the corporation. (Source: Laws 1961, p. 576.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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