(70 ILCS 3720/5) (from Ch. 111 2/3, par. 255)
Sec. 5.
The proposition of the issuance of general obligation bonds
as provided in Section 2 and the imposition of certain taxes as provided in
Section 4 may be presented to the voters of the territory of
the county water commission in a single proposition if the commission, by
ordinance, so provides. If such ordinance is adopted, the commission shall
certify the proposition to the proper election officials, who shall submit
the proposition to the voters in the territory of the commission at an
election in accordance with the general election law. The proposition
shall be in substantially the following form:
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Shall the (insert corporate name of county water commission) issue general obligation bonds YES for the purpose of (state purpose), in the sum of $.... (insert amount), -------------------------- and impose (state type of tax or taxes to be imposed) at the rate of NO (state tax rate or rates not exceeding 1/4%)?
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If the proposition is approved by a majority of the voters voting on the
proposition, the issue of such bonds shall thereby be authorized and such
tax may be imposed.
(Source: P.A. 84-119.)
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