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Illinois Statutes Chapter 70. Special Districts § 2905/5-3. Referendum; form of proposition

Current as of January 01, 2022 | Updated by FindLaw Staff

§ 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 ․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

YES

(state purpose), in the sum of $․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

(insert amount), be issued by The

․․․․․․(insert name of district)?

NO
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Cite this article: FindLaw.com - Illinois Statutes Chapter 70. Special Districts § 2905/5-3. Referendum; form of proposition - last updated January 01, 2022 | https://codes.findlaw.com/il/chapter-70-special-districts/il-st-sect-70-2905-5-3/

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