70 ILCS 2905/5-3

Current through Public Act 103-1052
Section 70 ILCS 2905/5-3

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

P.A. 81-1489.