95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB5837

 

Introduced , by Rep. Tom Cross

 

SYNOPSIS AS INTRODUCED:
 
105 ILCS 5/19-5   from Ch. 122, par. 19-5

    Amends the School Code. Makes a technical change in a Section concerning bonds.


LRB095 16504 NHT 42531 b

 

 

A BILL FOR

 

HB5837 LRB095 16504 NHT 42531 b

1     AN ACT concerning education.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The School Code is amended by changing Section
5 19-5 as follows:
 
6     (105 ILCS 5/19-5)  (from Ch. 122, par. 19-5)
7     Sec. 19-5. Registration, numbering and countersigning.
8     All bonds issued under this Act, except bonds issued by
9 school districts having a population of more than 500,000
10 inhabitants, before being issued, negotiated and and sold,
11 shall be registered, numbered and countersigned by the
12 treasurer who receives the taxes of the district. The
13 registration shall be made in a book in which shall be entered
14 the record of the election authorizing the directors or the
15 board of education to borrow money and a description of the
16 bonds issued, including the number, date, to whom issued,
17 amount, rate of interest and when due.
18 (Source: Laws 1961, p. 31.)