Illinois Compiled Statutes 70 ILCS 1865 Waukegan Port District Act. Section 13

    (70 ILCS 1865/13) (from Ch. 19, par. 191)

    Sec. 13. The Board may, after referendum approval, levy a tax for corporate purposes of the District annually at the rate approved by referendum, but which rate shall not exceed .05% of the value of all taxable property within the Port District as equalized or assessed by the Department of Revenue.

    If the Board desires to levy such a tax it shall order that the question be submitted at an election to be held within the District. The Board shall certify the order and the question to the proper election officials, who shall submit the question to the voters at an election in accordance with the general election law. The Board shall cause the result of the referendum to be entered upon the records of the Port District. If a majority of the vote cast on the question is in favor of the proposition, the Board may thereafter levy a tax for corporate purposes at a rate not to exceed that approved by referendum but in no event to exceed .05% of the value of all taxable property within the District as equalized or assessed by the Department of Revenue.

    The question shall be in substantially the following form: --------------------------------------------------------------

    Shall

 the

 Waukegan

 Port

 District

 levy

 a

 tax

 for

                     YES

 corporate

 purposes

 annually

 at

 a

 rate

 not

 to

 exceed

 ....%

      --------------------------

 of

 the

 value

 of

 taxable

 property

 as

 equalized

 or

 assessed

 by

 the

              NO

 Department

 of

 Revenue?--------------------------------------------------------------

(Source: P.A. 81-1489; 81-1509.)

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Last modified: February 18, 2015