(55 ILCS 5/6-18001) (from Ch. 34, par. 6-18001)
Sec. 6-18001.
Bonds for medical services and law enforcement.
For the purpose of improving hospital, medical, and health services and
for improving law enforcement, any county with a population of 1,000,000 or
more inhabitants may, prior to December 1, 1970, by resolution of its
County Board, incur an indebtedness and issue bonds therefor in amounts not
exceeding in the aggregate of $12,000,000. Such bonds shall bear interest
at a rate of not more than the maximum rate authorized by the Bond
Authorization Act, as amended at the time of the making of the contract,
and shall mature within 20 years from the date thereof. The resolution
authorizing this issuance of bonds may be made effective without the
submission thereof to the voters of the county for approval.
The resolution authorizing such bonds shall provide for the levy of a
direct annual tax upon all the taxable property in the county sufficient to
pay and discharge the principal of such bonds at maturity and to pay the
interest thereon as it falls due. This tax shall be levied with the general
taxes of the county and shall be in addition to the maximum of all other
taxes and tax rates which the county is or may be authorized to levy.
With respect to instruments for the payment of money issued under this
Section or its predecessor either before, on, or after the effective date
of Public Act 86-4, it is and always has been the intention of the General
Assembly (i) that the Omnibus Bond Acts are and always have been
supplementary grants of power to issue instruments in accordance with the
Omnibus Bond Acts, regardless of any provision of this Act or "An Act to
revise the law in relation to counties", approved March 31, 1874, that may
appear to be or to have been more restrictive than those Acts, (ii) that
the provisions of this Section or its predecessor are not a limitation on
the supplementary authority granted by the Omnibus Bond Acts, and (iii)
that instruments issued under this Section or its predecessor within the
supplementary authority granted by the Omnibus Bond Acts are not invalid
because of any provision of this Act or "An Act to revise the law in
relation to counties", approved March 31, 1874, that may appear to be or to
have been more restrictive than those Acts.
(Source: P.A. 86-962; 86-1028.)
|