Illinois Code § 55 ILCS 5/5-22001

Establishment and maintenance of homes
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for the aged. Any county is authorized to purchase or
construct, equip, operate and maintain one or more homes
for the aged.

 
In order to finance any such home, any county may borrow money and issue
and sell bonds in such amount or amounts as it may determine, and may
refund and refinance the same from time to time whenever the public
interest so requires.

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