(70 ILCS 3720/5) (from Ch. 111 2/3, par. 255)
Sec. 5. The proposition of the issuance of general obligation bonds as provided in Section 2 and the imposition of certain taxes as provided in Section 4 may be presented to the voters of the territory of the county water commission in a single proposition if the commission, by ordinance, so provides. If such ordinance is adopted, the commission shall certify the proposition to the proper election officials, who shall submit the proposition to the voters in the territory of the commission at an election in accordance with the general election law. The proposition shall be in substantially the following form: --------------------------------------------------------------
Shall
the
(insert
corporate
name
of
county
water
commission)
issue
general
obligation
bonds
YES
for
the
purpose
of
(state
purpose),
in
the
sum
of
$....
(insert
amount),
--------------------------
and
impose
(state
type
of
tax
or
taxes
to
be
imposed)
at
the
rate
of
NO
(state
tax
rate
or
rates
not
exceeding
1/4%)? --------------------------------------------------------------
If the proposition is approved by a majority of the voters voting on the proposition, the issue of such bonds shall thereby be authorized and such tax may be imposed.
(Source: P.A. 84-119.)
Sections: Previous 0.001 0.001a 0.001b 0.01 0.02 0.03 0.04 0.05 1 2 2.1 2.5 3 4 5
Last modified: February 18, 2015