70 ILCS 2205/16.1

Current through Public Act 103-1052
Section 70 ILCS 2205/16.1 - Submission to voters of proposition to issue bonds

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 purpose of....(state purpose), in the YES sum of $....(insert amount), be --------------------------------- issued by the board of trustees NO of the....(insert name of district)? ------------------------------------------------------------------------

70 ILCS 2205/16.1

P.A. 81-1489.