(70 ILCS 1870/20) (from Ch. 19, par. 770)
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 a referendum to be held within the District. The Board
shall certify its order and the proposition 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 on the proposition is in favor of the
proposition, 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 proposition shall be in substantially the following form:
-------------------------------------------------------------- Shall the White County Port District levy a tax for corporate purposes YES annually at a rate not to exceed ....% of the value ------------------------- of taxable property as equalized or assessed by NO the Department of Revenue?--------------------------------------------------------------
(Source: P.A. 81-1489; 81-1509.)
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