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Illinois Statutes Chapter 620. Air Transportation § 45/15. Bond issue; referendum

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 15. If, in the case of bonds the final maturity date of which is beyond said maturity limitation heretofore mentioned in Section 13, a petition for referendum with the requisite number of signatures is filed within the time as herein provided, then the county board or governing body of a respective taxing district shall order that such proposition be submitted at a regular election and shall certify such order and the proposition to the proper election officials, who shall submit the proposition to the voters at an election in accordance with the general election law. In addition to the requirement of the general election law, the notice of such referendum shall state the bond proposition to be submitted to the voters.

The proposition shall be in substantially the following form:

Shall (naming the corporate author-

ity) issue bonds in the amount of

$___ for the purpose of

constructing or improving an air-

port and landing field, heretofore

YES

designed and approved by the

Board of Directors of the airport

and landing field (naming it), as au-

thorized by “An Act in relation to

the establishment, acquisition,

maintenance and operation of air-

ports and landing fields by counties

of less than 500,000 population, and

by such counties jointly with certain

taxing districts located within or

partly within such counties, and to

NO

provide methods for the financing

thereof”, enacted by the 63rd Gen-

eral Assembly of the State of Illi-

nois?
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Cite this article: FindLaw.com - Illinois Statutes Chapter 620. Air Transportation § 45/15. Bond issue; referendum - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-620-air-transportation/il-st-sect-620-45-15/

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