(70 ILCS 1855/16) (from Ch. 19, par. 466)
Sec. 16.
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 shall 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 its 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 referendum to be entered upon the records
of the Port
District. If a majority of the vote is in favor of the proposition, the
Board may annually 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 substantially in the following form:
-------------------------------------------------------------- Shall the Southwest 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 Department of Revenue? NO--------------------------------------------------------------
(Source: P.A. 81-1489; 81-1509.)
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