Illinois Code § 50 ILCS 30/6.10

Each Council has the power to secure grants and loans, or
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either, from the United States government, or any agency thereof, for
financing projects authorized under this Act and for such purposes to sell
or pledge its notes, bonds or other evidences of indebtedness, and its
securities, and execute any contracts and documents and do all things that
may be required by the United States government or such agency.

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