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Illinois Statutes Chapter 70. Special Districts § 905/23. Form of proposition; issuance of bonds

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

§ 23. The proposition pursuant to Section 22 shall be in substantially the following form:

Shall the ․․․․․․ public health dis-

trict issue bonds to the amount of

․․․․․․ dollars for the purpose of

YES

enabling the board of health to

․․․․․․․․․․․․․․․․․․ (purpose to be

stated, which shall be either to pro-

vide buildings for or to make per-

manent improvements in the public

NO

health offices, facilities or labora-

tories)?

In case a majority of the votes cast upon the proposition shall be in favor of the issuance of such bonds, the board of health shall issue the bonds of the district not exceeding the amount authorized by the referendum. Such bonds shall become due not more than 20 years after their date, shall be in denominations of $100 or any multiple thereof, and shall bear interest, evidenced by coupons, at a rate not exceeding five per cent per annum, payable semi-annually, as shall be determined by the board.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 70. Special Districts § 905/23. Form of proposition; issuance of bonds - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-70-special-districts/il-st-sect-70-905-23/

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