(70 ILCS 2905/5-3) (from Ch. 42, par. 505-3)
Sec. 5-3.
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 in accordance with the general election law and has been approved by a
majority of the voters of the district 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 YES the sum of $.... (insert amount), - - - - - - - - - - - - - - - - - - - - - -
be issued by The.... (insert name of district)? NO - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
(Source: P.A. 81-1489 .)
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