70 ILCS 2905/5-3
Current through Public Act 103-1056
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 in accordance with the general election law and has been approved by a majority of the voters of the district voting on the proposition.
The proposition shall be substantially in the following form:
Shall bonds for the purpose of.... (state purpose), in the sum of $.... (insert amount), be issued by The.... (insert name of district)?
YES
NO
70 ILCS 2905/5-3