(70 ILCS 905/23) (from Ch. 111 1/2, par. 20.3)
Sec. 23. The proposition pursuant to Section 22 shall be in substantially the following form: --------------------------------------------------------------
Shall
the....
public
health
district
issue
bonds
to
the
amount
of....
dollars
for
the
YES
purpose
of
enabling
the
board
of
health
to....(purpose
to
be
stated,
which
shall
be
either
--------------------------
to
provide
buildings
for
or
to
make
permanent
improvements
in
NO
the
public
health
offices,
facilities
or
laboratories)?--------------------------------------------------------------
In case a majority of the votes cast upon the proposition shall be in favor of the issuance of such bonds, the board of health shall issue the bonds of the district not exceeding the amount authorized by the referendum. Such bonds shall become due not more than 20 years after their date, shall be in denominations of $100 or any multiple thereof, and shall bear interest, evidenced by coupons, at a rate not exceeding five per cent per annum, payable semi-annually, as shall be determined by the board.
(Source: P.A. 81-1489.)
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Last modified: February 18, 2015