(65 ILCS 5/9-3-36) (from Ch. 24, par. 9-3-36)
Sec. 9-3-36.
Whenever there are sufficient funds in the hands of the
treasurer after the payment of all interest due and to become due within 6
months, the treasurer shall on the first day of October of any year, or at
any other time there are sufficient funds for that purpose on hand during
the year, give notice by registered mail, addressed to the last registered
holder of the bonds called at the address appearing upon his registry, that
there are funds sufficient to pay the designated bonds and interest thereon
to date 30 days hence from the date of such notice and directing
presentation of such bonds for payment and cancellation, and the bonds
shall cease to bear interest after the expiration of the 30 days and upon
payment and cancellation of the bonds proper entry thereof shall be made
upon the books of the treasurer. The treasurer, upon accumulation of
sufficient funds, as herein provided, shall pay one or more bonds and shall
call and pay such bonds, and any bondholder or holder of any interest
coupon appertaining to any bond shall be entitled to summary relief by
mandamus or injunction to enforce the provisions hereof. In addition to
giving notice by registered mail to the last registered holder of such
bonds, the treasurer shall cause to be published in a newspaper published
and of general circulation in such municipality, if there is such a
newspaper. If there is no such newspaper, the notice shall be given by
posting in at least 3 places within the area designated as probably
benefited by the improvement. Such notice shall be a notice of call and
redemption addressed to all unknown bondholders specifying the number of
the bonds called and designating the assessment against which the bonds
have been issued, and indicating that interest will cease on the bonds 30
days from and after the date of publication of such notice, and thereafter
the bonds shall cease to bear interest. Provisions as to redemption and
call of the bonds shall be inserted in each of the bonds issued in
accordance with the provisions of this Division 3.
(Source: Laws 1961, p. 576.)
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(65 ILCS 5/9-3-37) (from Ch. 24, par. 9-3-37)
Sec. 9-3-37.
Any deduction in assessments made pursuant to the order of the
court may be added to and become part of the municipality's portion of the
cost of the improvement. The corporate authorities by the adoption of the
resolution may direct the attorney member of the committee on local
improvements to file a motion to authorize the court to add the deduction
to the municipality's portion of the assessment.
(Source: Laws 1961, p. 576.)
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(65 ILCS 5/9-3-38) (from Ch. 24, par. 9-3-38)
Sec. 9-3-38.
No collateral attack or litigation shall be instituted which
in any way questions the enforceability of the validity of the bonds issued
under the provisions of this Division 3 unless such litigation is
instituted within 15 days after the issue and delivery of the bonds to the
contractor on payment of work, or within 15 days after the issue and
delivery thereof to a purchaser, as in this Division 3 provided.
(Source: Laws 1961, p. 576.)
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(65 ILCS 5/9-3-39) (from Ch. 24, par. 9-3-39)
Sec. 9-3-39.
The assessment authorized by this Division 3 shall constitute
valid and binding liens upon the respective tracts of property against
which they are assessed from the date of the confirmation of the assessment
until paid, prior to all other claims and liens, and shall be coequal with
the lien for general taxes, and shall not be questioned in any action
or proceeding except on proof of failure to give notice of the hearing on
the question of benefits, unless such suit shall be instituted within 10
days after the confirmation of the assessment roll by the court.
(Source: P.A. 83-345.)
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