(55 ILCS 5/5-25023) (from Ch. 34, par. 5-25023)
Sec. 5-25023.
Sale of bonds.
The bonds authorized by this
Division shall be sold and the proceeds thereof
used solely for the specified purpose. At or before the time of delivery of
any bond, the county board shall file with the county its certificates,
stating the amount of bonds to be issued, or denominations, rate of
interest, where payable, and shall include a form of bond to be issued. The
county board shall levy a direct tax upon all of the taxable property
within the county sufficient to pay the principal and interest on the bonds
as and when the same respectively mature. Such tax shall be in addition to
all other taxes and shall not be within any rate limitation otherwise
prescribed by law.
The proceeds received from the sale of the bonds shall be placed in a
special fund in the county treasury to be designated as the "Bond Community
Health Fund" and thereafter the county shall appropriate from such funds
such sum or sums as may be necessary to carry out the provisions of this
Section.
(Source: P.A. 86-962.)
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