(70 ILCS 2205/16.1) (from Ch. 42, par. 262.1)
Sec. 16.1.
No issue of bonds of the district shall be valid (except
bonds to refund an existing bonded indebtedness) unless the proposition
of issuing the bonds has first been submitted at a regular
election to the voters of the district in accordance with the general
election law and has been approved by a
majority of those voting on the proposition.
The proposition shall be
substantially in the following form:
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Shall bonds for the purpose of....(state purpose), in the YES sum of $....(insert amount), be - - - - - - - - - - - - - - - - - - - - - - -
issued by the board of trustees NO of the....(insert name of district)? - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
(Source: P.A. 81-1489 .)
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