(65 ILCS 55/23) (from Ch. 24, par. 808.23)
Sec. 23.
Payment for any improvement done or performed under the provisions
of this Act, to be paid for out of any special assessment or special tax
levied in installments, as herein provided, may be made in the bonds herein
provided for. If such first installment is not collected when payments fall
due, vouchers therefor may be issued, payable out of the first installment
when collected. Such vouchers shall bear interest at a rate not more than
six per centum per annum nor less than four per centum per annum, payable
annually, and shall be signed by such officers as may be by ordinance
prescribed.
(Source: Laws 1935-36, 1st SS, p. 39.)
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