(65 ILCS 5/11-112-3) (from Ch. 24, par. 11-112-3)
Sec. 11-112-3.
Subject to the provisions of Section 11-112-7, every
municipality, whether incorporated under general law or special charter,
which is subject to overflow or inundation from a river or other sources
may construct, widen, raise, strengthen, improve, and maintain levees,
protective embankments and structures and has the power for any of these
purposes to levy and collect annually a tax of not exceeding .1666% of
the value, as equalized or assessed by the Department of Revenue, of
all the taxable property within its corporate
limits.
The foregoing limitation upon tax rate may be increased or decreased
according to the referendum provisions of the General Revenue Law of
Illinois.
(Source: P.A. 81-1509.)
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