(605 ILCS 5/5-605) (from Ch. 121, par. 5-605)
Sec. 5-605.
The county board of any county may in any manner provided
by law for issuing county bonds, issue bonds of the county for the
purpose of constructing county highways: Provided, that the question of
issuing such county bonds shall first be submitted to the legal voters
of such county at any election. The
county board shall adopt a resolution to submit such question
to a vote, specifying therein the particular highways to be
constructed, the type of construction to be made on each section of such
highways, the proposed widths of the paved and graded travel way,
together with an estimate of the cost of such construction. Such bonds
shall be issued to mature in not less than 10 nor more than 20 annual
series, the last series to mature not more than 20 years from date of
issue. If the question of an issue of such bonds is submitted to the
people, notice of the referendum shall be given and the
referendum shall be held in the manner provided by the general
election laws of the State, and the proposition
shall be in substantially
the following form:
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Shall county bonds for YES highways be issued to - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
the amount of $....? NO - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
If a majority of the voters voting on such question vote in favor of
the proposition the county board shall at once issue the bonds and take
the necessary steps to construct the county highways provided for. This
section shall not be construed to repeal any other law on the subject of
issuing county bonds, except insofar as such other law is in direct
conflict herewith.
If it shall be deemed necessary to submit to a vote of the people at
the same election the
question of issuing bonds and the raising of an additional tax, the same
may be included in one proceeding, and in that case the proposition shall be
in substantially the following form:
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Shall county bonds for highways be issued to the amount of $.... YES and an additional tax levied for the - - - - - - - - - - - - - - - - - - - - - -
payment of interest and principal NO of such bonds? - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
When the question of raising such additional tax to pay the interest
and principal of such bonds has been approved by the legal voters of the
county, the county board may, in its discretion, by appropriate
resolution, when funds from other sources have been allocated and set
aside for the purpose of paying the principal or interest, or both, of
such bonds, abate the further collection of such additional tax or such
portion thereof as shall not be required to meet such bonds or
obligations.
(Source: P.A. 81-1489 .)
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