§ 40-15 — Voter approval of bonds

Illinois § 40-15

• Jurisdiction: Illinois
• Topic: GOVERNMENT
• Ch. 75: LIBRARIES
• Act 75 ILCS 16/: Public Library District Act of 1991.
• Art.: Article 40 - Buildings, Equipment And Accumulations

Text

(a) Bonds shall not be issued, nor the special tax imposed, until the proposition to issue the bonds has been submitted to and approved by a majority of the voters of the district voting upon the proposition at a regular election provided that notice of the bond referendum, if held before July 1, 1999, has been given in accordance with the provisions of Section 12-5 of the Election Code in effect at the time of the bond referendum, at least 10 and not more than 45 days before the date of the election, notwithstanding the time for publication otherwise imposed by Section 12-5. Notices required in connection with the submission of public questions on or after July 1, 1999 shall be as set forth in Section 12-5 of the Election Code. The board shall by ordinance designate the election at which the proposition is to be submitted and the amount of the bonds and their purpose. The board shall certify the proposition to the proper election authority, who shall submit the proposition in accordance with the Election Code, subject to the notice provisions set forth in this Section. (b) The proposition to issue bonds shall be in substantially the following form: Shall the bonds of (name of public library district), (location), Illinois, in the amount of $(amount) be issued for the purpose of (state one or more purposes authorized in Section 40-5)? (c) When so authorized, the bonds shall be issued in the name of the district, signed by the president and secretary, and countersigned by the treasurer, with the seal of the district affixed.

Legislative History

(Source: P.A. 90-812, eff. 1-26-99; 91-57, eff. 6-30-99.)