(65 ILCS 5/7-3-7) (from Ch. 24, par. 7-3-7)
Sec. 7-3-7.
The disconnection of any such area of land shall not exempt it
from taxation for the purpose of paying any indebtedness contracted by the
corporate authorities of the municipality, prior to the filing of the
petition for disconnection. On the contrary, the territory shall be
assessed and taxed to pay such indebtedness until this indebtedness is
completely paid, the same as though the territory had not been
disconnected. Except for this purpose, no county clerk shall include
disconnected territory within the limits of the municipality from which the
territory has been disconnected.
(Source: Laws 1961, p. 576.)
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