(110 ILCS 805/3A-19) (from Ch. 122, par. 103A-19)
Sec. 3A-19.
Whenever refunding bonds are purchased and cancelled as provided in
Section 3A-18, the taxes thereafter to be extended for payment of the
principal of and the interest on the remainder of the issue shall be
reduced in an amount equal to the principal of and the interest that would
have thereafter accrued upon the refunding bonds so cancelled. A resolution
shall be adopted by the board of the district finding these facts. A
certified copy of this resolution shall be filed with the county clerk
specified in Section 3A-15, whereupon he shall reduce and extend such tax
levies in accordance therewith.
(Source: P.A. 78-669 .)
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