(65 ILCS 5/8-4-4) (from Ch. 24, par. 8-4-4)
Sec. 8-4-4.
The ordinance authorizing the refunding bonds shall prescribe
all details thereof and shall provide for the levy and collection of a
direct annual tax upon all the taxable property within the municipality
sufficient to pay the principal thereof and interest thereon as it matures.
This tax shall be in addition to and exclusive of the maximum of all other
taxes authorized to be levied by the municipality. Tax limitations
applicable to the municipality provided by this Code or by other Illinois
statutes shall not apply to taxes levied for payment of these refunding
bonds.
A certified copy of the bond ordinance shall be filed with the county
clerk of the county in which the municipality or any portion thereof is
situated, and shall constitute the authority for the extension and
collection of refunding bond and interest taxes as required by the
constitution.
(Source: Laws 1961, p. 576.)
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