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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 26b. The trustees of such district, when petitioned so to do by not less than 10% of the legal voters of such district, shall certify the proposition of whether the district should acquire, purchase or construct, and thereafter operate, improve and extend a drainage system to the proper election officials who shall submit the proposition at an election in accordance with the general election law. The proposition shall be in substantially the following form:
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Shall the ․․․․․․․․ Sanitary Dis- |
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trict, ․․․․․․․․ County, Illinois, ac- |
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quire by purchase or construction, |
YES |
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and thereafter operate, improve or |
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extend a drainage system and pay |
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the cost thereof by the issuance and |
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sale of revenue bonds of the district |
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payable solely from the revenues to |
NO |
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be derived from the operation of |
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the drainage system?
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If it shall appear that a majority of the voters, voting on said proposition, have voted in favor thereof, then the trustees of said district shall be fully authorized to acquire by purchase or construction, and thereafter operate, improve or extend a drainage system, and to pay the cost of such acquisition, purchase or construction, improvement or extension by the issuance and sale of revenue bonds of the district payable solely from the revenue to be derived from the operation of the drainage system.
Cite this article: FindLaw.com - Illinois Statutes Chapter 70. Special Districts § 2805/26b. Election - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-70-special-districts/il-st-sect-70-2805-26b/
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