(70 ILCS 1260/2) (from Ch. 105, par. 155)
Sec. 2.
In case such boulevards or parkways are improved or repaired, or in
case an agreement shall have been entered into by the park commissioners
for the improving or repairing of any such street, avenue or alley
adjoining such park or pleasure ground, the commissioners having the
control of such boulevards, parkways, parks or pleasure grounds, or the
corporate authorities within which such boulevards, parkways, parks or
pleasure grounds may be situated, shall have the power to pay for such
improvements or repairs of such boulevards and parkways, and shall have the
power to pay for such portion of the cost of such improvements or repairs
of any public street, avenue or alley adjoining such park or pleasure
ground, out of the general revenues of such board of park commissioners or
corporate authorities controlling any such boulevards, parkways, parks or
pleasure grounds, or by the issue and sale, from time to time, of interest
bearing bonds; provided no bonds shall be issued under this Act contrary to
the provisions of section 12, Article 9 of the Constitution of this State,
and provided further that the total amount of said bonds to be so issued
shall not at any time exceed the sum of five hundred thousand dollars
($500,000); and authority is hereby expressly granted to the park
commissioners or corporate authorities issuing such bonds to levy and
collect a direct annual tax upon the property within the jurisdiction of
such park commissioners or corporate authorities, in addition to any tax
now authorized by law to be levied and collected by them, sufficient to pay
the interest on said bonds as it falls due, and also to pay and discharge
the principal thereof within twenty years from the date of the issue of
said bonds, and the county clerk of the county in which such district or
town is located, or such other officer or officers as are by law authorized
to spread or assess taxes for park purposes, on receiving certificate from
such park commissioners or corporate authorities, that the amount mentioned
in such certificate is necessary to pay the interest on said bonds and also
to pay and discharge the principal thereof within twenty years from the
date of issuing said bonds, shall spread and assess such amount upon the
taxable property embraced in said park district or town, the same as other
taxes are by law spread and assessed and the same shall be collected and
paid over as other park taxes are required by law to be collected and paid.
(Source: Laws 1919, p. 694.)
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