Repository: UIHistories Project: Book - Housing Bond Issue of 1952 [PAGE 23]

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I W I in th V- .1 hall be lb n the tin of an, ich b kin h ha rl IU at all times to pa) maintenance and operation « such bonds, and all revenue derived from tlcope, inlci , h a ll b M ddcina parati ac< unl and bind which ihall b it of maintenance and operation, and paying the ; ipal p a v i n i , ihi Interest upon the bonds issued for the purp i purp el fort scribed in the i lution authorizing the issue ol 1 bond*, and BU< h i h o r fees shall be sufficient at all times for such purpose 48.5 Enforcing or compelling performance of dutia with rcfereno to fo and charges.] § 5. Any holder of a bond, oi of an, of the i upon : • h bonds, issued under this Vt. ma) either in law or in equity, b\ suit, tion, mandamus or other proceeding enforce and compel the | rformance of all duties required by this Act, including establishment of sufficient f > r charges for use of an, such building or buildings and the application of th income and revenue thereof, and it shall be the dut\ of the Board of Trust© upon the issuance of any such bonds, to establish by resolution from time I time the f< s or charges to be made for the use of any su< h building or buildin e which fees or charges shall be adjusted from time to time in order to always provide sufficient income for maintenance and operation and payment of th principal of and interest on such bonds issued as provided for in this A t. <

48.6 Other powers not limited or restricted. | § 6. Nothing herein contained shall be construed as a limitation upon or restriction of the powers of the Board of Trustee- of the University of Illinois under a m law which is now in force, or which may here-after be enacted. 1 48.6 /2 Investment, in revenue bonds issued under a c t of sinking, insurance, 1 retirement, compensation, pension and trust funds.] § (i . The Mate and all

counties, cities, villages, incorporated towns and oilier municipal corporations, political subdivisions and public bodies, and public ollieers of am thereof, all

hanks, hankers, trust companies, saving hanks and institutions, building and

loan iations, savings and ban associations, investment companies am other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all itors, administrators, guardians, trustees and other fiduciaries max 1. all) invest anv sinking funds, moneys or other funds belonging to them or within then control in any revenue bonds issued pursuant to this Act, it heme the purpose of this section to authorize the investment in such revenue bonds of all sinking, insurance, retirement, « icnsation, pension and trust funds, whethei owned 01 .out,oiled by private or publi. persons or officers. \AAcA In act appro ed June 21, 1951. L. 1951, p, , S.B. No. 16 > , 48.7 Partial invalidity.] § 7. 1 an) clause, sentence 01 provision ... this 1 Act shall be declared invalid, such invalidit) shall „,„ effect an) othci clause, ' " " " " "• provision ol thii Vet, it being the intention ol the General Wen.bh to enact such othci claus. entence 01 provision in an) event