(70 ILCS 2805/26b) (from Ch. 42, par. 437b)
Sec. 26b.
The trustees of such district, when petitioned so to do by
not less than 10% of the legal voters of such district, shall certify
the proposition of whether the district should acquire,
purchase or construct, and thereafter operate, improve and extend a
drainage system to the proper election officials who shall submit the
proposition at an election in accordance with the general election
law. The proposition shall be in substantially the
following form:
--------------------------------------------------------------------------------------------------------------------- Shall the.... Sanitary District,.... County, Illinois, acquire bypurchase or construction, and YESthere after operate, improve or extenda drainage system and pay the cost -----------------------------------------------------------------thereof by the issuance and sale ofrevenue bonds of the district payable NOsolely from the revenues to be derivedfrom the operation of the drainage system?---------------------------------------------------------------------------------------------------------------------
If it shall appear that a majority of the voters, voting on said proposition,
have voted in favor thereof, then the
trustees of said district shall be fully authorized to acquire by
purchase or construction, and thereafter operate, improve or extend a
drainage system, and to pay the cost of such acquisition, purchase or
construction, improvement or extension by the issuance and sale of
revenue bonds of the district payable solely from the revenue to be
derived from the operation of the drainage system.
(Source: P.A. 81-1489.)
|