40 ILCS 5/19-104

(40 ILCS 5/19-104) (from Ch. 108 1/2, par. 19-104)

Sec. 19-104.

Tax levy - disposition of revenue collected - tax
anticipation warrants.
It shall be lawful for any such city to levy a tax upon all taxable
property in such city of not more than  .0009 per cent of the value, as
equalized or assessed by the Department of Revenue, of
all taxable property in such city, for the purpose of providing revenue
for the pension fund herein provided for.

For such purpose, the city council of such city shall levy such a tax
annually upon all taxable property in such city at the aforementioned
rate. The tax shall be levied and collected in like manner with the
general taxes of such city, beginning with the first such levy made
subsequent to January 1, 1946, and shall be in addition to all other
taxes which such city is now or may hereafter be authorized to levy on
the aggregate valuation of all taxable property within such city, and
shall be exclusive of and in addition to the amount of tax such city is
now or may hereafter be authorized to levy for general purposes under
and by virtue of any law or laws which limit the amount of tax which
such city may levy for general purposes. The County Clerk of the county
in which such city is located, in reducing tax levies under the
provisions of any Act concerning the levy and extension of taxes, shall
not consider any such tax levied pursuant to this Division as part of
the general tax levy for city purposes, and shall not include the same
in any limitation of the per cent of the assessed valuation upon which
taxes are required to be extended.

The amount of the tax to be levied in each year shall be certified to
the city council of such city by the board of trustees of said pension
fund.

As soon as any revenue derived from the tax shall be collected, the
same shall be paid to the city treasurer of such city and shall be held
by such city treasurer for the benefit of the pension fund herein
provided for, and all such revenue shall be paid into the pension fund.

If the funds available for the purposes of this Division shall be
insufficient during any year to meet the requirements of this Division,
such city may issue tax anticipation warrants, as provided by law
against the tax levy herein provided for, for the current fiscal year.

(Source: P.A. 81-1509.)