(70 ILCS 2205/16.1) (from Ch. 42, par. 262.1)
Sec. 16.1. No issue of bonds of the district shall be valid (except bonds to refund an existing bonded indebtedness) unless the proposition of issuing the bonds has first been submitted at a regular election to the voters of the district in accordance with the general election law and has been approved by a majority of those voting on the proposition.
The proposition shall be substantially in the following form: --------------------------------------------------------------
Shall
bonds
for
the
purposeof....(state
purpose),
in
the
YESsum
of
$....(insert
amount),
be
-----------------------issued
by
the
board
of
trustees
NOof
the....(insert
name
of
district)?--------------------------------------------------------------
(Source: P.A. 81-1489.)
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Last modified: February 18, 2015