Illinois Code § 105 ILCS 5/34A-104

Establishment of Authority.
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Sec. 34A-104. 

Establishment of Authority. 

For each school district organized
under Article 34 there is established a body both corporate and politic
and a unit of local government to be known as the "(Name of City) School
Finance Authority" which, in such name, shall exercise all authority vested
in such Authority by this Article.

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