(70 ILCS 200/265-32)
Sec. 265-32.
Bonds other than revenue bonds.
No bonds,
other than revenue bonds issued pursuant to
Section 2-52, shall be issued by the Authority until the proposition
to
issue the same has been submitted to and approved by a majority of the
voters of said metropolitan area voting upon the proposition at a
general election in accordance with the general election law. The Authority
may by resolution order such proposition submitted at a regular election
in accordance with the general election law, whereupon the recording officer
shall certify the resolution and the proposition to the proper election
officials for submission. Any proposition to issue bonds as
herein set forth shall be in substantially the following form:
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Shall bonds of the Vermilion County Metropolitan Exposition, YES Auditorium and Office Building - - - - - - - - - - - - - - - - - - - - - - - - -
Authority to the amount of ....... Dollars ($ ) be NO issued for the purpose of ....?
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(Source: P.A. 90-328, eff. 1-1-98 .)
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