Illinois Statutes
§ 150-25 — Tax
Illinois § 150-25
JurisdictionIllinois
TopicGOVERNMENT
Ch. 60TOWNSHIPS
Act 60 ILCS 1/Township Code.
Art.Article 150 - Township Community Buildings
This text of Illinois § 150-25 (Tax) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
60 Ill. Comp. Stat. 150-25 (2026).
Text
The board of managers shall, in the resolution authorizing the bonds, provide for the collection of a direct annual tax sufficient to pay the interest and principal of the bonds as each falls due. A certified copy of the resolution authorizing the bonds and levying the tax shall be filed in the office of the county clerk of the county in which the township is located. The county clerk shall extend annually against the property in the township a tax sufficient to raise in each year the amount provided in the resolution for the payment of principal and interest in that year. In any event and despite any error or insufficiency of amount that may occur in the resolution, the county clerk shall extend annually against the property in the township a tax sufficient to pay the interest on the bond
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Legislative History
(Source: P.A. 86-4; 88-62.)
Nearby Sections
15
§ 150-20
Issuance of bonds§ 150-25
Tax§ 150-30
Use of bond sale proceeds§ 150-35
Acquisition of property or funds§ 150-40
Maintenance tax; referendum§ 150-45
Supervisor's bond§ 150-65
Annual report§ 150-70
§ 150-70§ 150-75
§ 150-75Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 150-25, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/60/150-25.