(65 ILCS 5/9-2-132) (from Ch. 24, par. 9-2-132)
Sec. 9-2-132.
Any property owner may pay his assessment wholly or in part,
either before or after it is due, and whether or not the assessment has
been withdrawn from collection or the property assessed has been sold to
any municipality or forfeited to the State for nonpayment of that
assessment, with the bonds or vouchers heretofore or hereafter issued under
this Division 2 on account of that assessment, applying, however, bonds
issued under Section 9-2-119 and vouchers of each series only to the
payment of the installments to which they relate. If bonds issued under
Section 9-2-127 are used to make such payments, such bonds may be applied
to the payment of any and all installments, but only such of those bonds
may be used as are next in numerical order of redemption at the time of
making such payments. In making such payments, the vouchers and bonds shall
be taken at their par value and interest accrued to the date of making the
payment. All vouchers and bonds received in payment of such an assessment
shall be cancelled by the officer receiving the vouchers, or bonds, as of
the date of their receipt, and then deposited with the treasurer or the
comptroller, as the case may be, of the municipality issuing the vouchers
or bonds.
However, when the amount of the assessment is less than that of a bond
or voucher, the officer receiving the same shall issue a receipt for the
balance which shall entitle the owner to the same rights, except as to
negotiability, as if the receipt were the original bond or voucher in the
amount of the balance. Any such indorsement on any such bond or voucher
shall be made by writing or stamping across the face thereof the words
"payments upon this bond (or voucher) are listed upon the back."
(Source: Laws 1961, p. 576.)
|