(70 ILCS 200/255-50)
Sec. 255-50. G.O. bonds; election. General obligation bonds of the Authority, the aggregate outstanding unpaid balance of which exceeds 1 1/2% of the total assessed valuation of all taxable property within the metropolitan area shall not be issued until the proposition to issue the same has been certified to the proper election officials who shall submit the proposition at an election in accordance with the general election law. Any such proposition shall be in substantially the following form: --------------------------------------------------------------
Shall
bonds
of
the
"Springfield
Metropolitan
Exposition
and
YES
Auditorium
Authority"
in
the
--------------------------
amount
of....
Dollars
($....)
NO
be
issued
for
the
purpose
of
....?--------------------------------------------------------------
(Source: P.A. 90-328, eff. 1-1-98.)
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Last modified: February 18, 2015