Illinois Compiled Statutes 620 ILCS 45/13 – Before any such taxing district shall be authorized to issue bonds, …
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Before any such taxing district shall be authorized to issue bonds, as in this Act provided, having a maturity date later than January first of the second calendar year following the period of years for which such additional tax for an airport and landing field purposes was voted (which January first of such year is hereafter referred to as the “maturity limitation heretofore mentioned”):
The governing body of the taxing district shall adopt a resolution of determination to construct or improve an airport and landing field and shall declare its desire to submit to the voters of the district the proposition to issue bonds for its proportionate share therefor. The resolution and the proposition shall be certified to the proper election officials, who shall submit the proposition to the voters at an election in accordance with the general election law.
The proposition shall be in substantially the following form:
————————————————————–
Shall bonds of (here name
taxing district) in the amount
of…….. Dollars ($….) be
issued for the construction or
improvement of an airport and YES
landing field under the
provisions of “An Act in
relation to the establishment,
acquisition, maintenance and —————————
operation of airports and landing
fields by counties of less than
500,000 population, and by such
counties jointly with certain
taxing districts located within NO
or partly within such counties,
and to provide methods for the
financing thereof”, enacted by
the Sixty-third General Assembly?
————————————————————–
If a majority of the voters voting upon the proposition vote in favor of the issuance of the bonds, then the taxing district may issue the bonds in the amount specified in the resolution and ballot.
The governing body of the taxing district shall adopt a resolution of determination to construct or improve an airport and landing field and shall declare its desire to submit to the voters of the district the proposition to issue bonds for its proportionate share therefor. The resolution and the proposition shall be certified to the proper election officials, who shall submit the proposition to the voters at an election in accordance with the general election law.
Terms Used In Illinois Compiled Statutes 620 ILCS 45/13
- Heretofore: means any time previous to the day on which the statute takes effect; and the word "hereafter" at any time after such day. See Illinois Compiled Statutes 5 ILCS 70/1.17
The proposition shall be in substantially the following form:
————————————————————–
Shall bonds of (here name
taxing district) in the amount
of…….. Dollars ($….) be
issued for the construction or
improvement of an airport and YES
landing field under the
provisions of “An Act in
relation to the establishment,
acquisition, maintenance and —————————
operation of airports and landing
fields by counties of less than
500,000 population, and by such
counties jointly with certain
taxing districts located within NO
or partly within such counties,
and to provide methods for the
financing thereof”, enacted by
the Sixty-third General Assembly?
————————————————————–
If a majority of the voters voting upon the proposition vote in favor of the issuance of the bonds, then the taxing district may issue the bonds in the amount specified in the resolution and ballot.