(70 ILCS 1805/20) (from Ch. 19, par. 620)
Sec. 20.
The Board may, after referendum approval, levy a tax for
corporate purposes of the District annually at the rate approved by
referendum, but which rate may not exceed .05% of the value of all
taxable property within the Port District as equalized or assessed by
the Department of Revenue.
If the Board desires to levy such a tax, it shall order that the question
be submitted at an election to be held within the District. The Board shall
certify the order and the question to the proper election officials, who
shall submit the question to the voters at an election in accordance with
the general election law. The Board shall cause the result of the election
to be entered upon the records of the Port District. If a
majority of the vote on the question is in favor of the question, the Board may
thereafter levy a tax for corporate purposes at a rate not to exceed
that approved by referendum but in no event to exceed .05% of the value
of all taxable property within the District as equalized or assessed by
the Department of Revenue.
The question shall be in substantially the following form:
-------------------------------------------------------------- Shall the Havana Regional Port District levy a tax for YES corporate purposes annually at a rate not to exceed ....% ------------------------ of the value of taxable property as equalized or assessed by the NO Department of Revenue?--------------------------------------------------------------
(Source: P.A. 81-1489; 81-1509.)
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