(70 ILCS 705/13) (from Ch. 127 1/2, par. 33)
Sec. 13.
At the time of or before incurring any indebtedness the board of
trustees shall provide for the collection of a direct annual tax sufficient
to pay the interest on such debt as it falls due, and also to pay and
discharge the principal thereof as the same shall fall due, and at least
within twenty years from the time of contracting same; such tax shall be in
addition to and in excess of all other taxes heretofore or hereafter
authorized to be levied by such district. A certified copy of the ordinance
adopted by the board of trustees authorizing the issuance of such bonds and
levying a tax to pay the same shall be filed in the office of the county
clerk of each of the counties wherein any of the territory of the district
is situated which certified copy shall constitute the authority for the
county clerk or clerks, in each case, to extend the taxes annually
necessary to pay the principal of and interest on such bonds as the same
mature.
(Source: Laws 1949, p. 1484.)
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