(70 ILCS 2805/26b) (from Ch. 42, par. 437b)
Sec. 26b. The trustees of such district, when petitioned so to do by not less than 10% of the legal voters of such district, shall certify the proposition of whether the district should acquire, purchase or construct, and thereafter operate, improve and extend a drainage system to the proper election officials who shall submit the proposition at an election in accordance with the general election law. The proposition shall be in substantially the following form: --------------------------------------------------------------
Shall
the....
Sanitary
District,....
County,
Illinois,
acquire
bypurchase
or
construction,
and
YESthere
after
operate,
improve
or
extenda
drainage
system
and
pay
the
cost
-------------------thereof
by
the
issuance
and
sale
ofrevenue
bonds
of
the
district
payable
NOsolely
from
the
revenues
to
be
derivedfrom
the
operation
of
the
drainage
system?--------------------------------------------------------------
If it shall appear that a majority of the voters, voting on said proposition, have voted in favor thereof, then the trustees of said district shall be fully authorized to acquire by purchase or construction, and thereafter operate, improve or extend a drainage system, and to pay the cost of such acquisition, purchase or construction, improvement or extension by the issuance and sale of revenue bonds of the district payable solely from the revenue to be derived from the operation of the drainage system.
(Source: P.A. 81-1489.)
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Last modified: February 18, 2015