Illinois Compiled Statutes 70 ILCS 200/170-25 – Bonds other than revenue bonds
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No bonds, other than revenue bonds issued pursuant to Section 2-52, shall be issued by the Authority until the proposition to issue the same has been submitted to and approved by a majority of the voters of said metropolitan area voting upon the proposition at a general election in accordance with the general election law. The Authority may by resolution order such proposition submitted at a regular election in accordance with the general election law, whereupon the recording officer shall certify the resolution and the proposition to the proper election officials for submission. Any proposition to issue bonds as herein set forth shall be in substantially the following form:
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Shall bonds of the “Metropolitan
Exposition, Auditorium and Office YES
Building Authority” to the amount ————————–
of…. Dollars ($ ) be issued NO
for the purpose of ?
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Terms Used In Illinois Compiled Statutes 70 ILCS 200/170-25
- Authority: means any Metropolitan Exposition, Auditorium and Office Building Authority, as provided in this Article. See Illinois Compiled Statutes 70 ILCS 200/170-5
- Metropolitan area: means all that territory in the State of Illinois lying within the corporate boundaries of the county or counties establishing an authority as provided in this Article. See Illinois Compiled Statutes 70 ILCS 200/170-5
Shall bonds of the “Metropolitan
Exposition, Auditorium and Office YES
Building Authority” to the amount ————————–
of…. Dollars ($ ) be issued NO
for the purpose of ?
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