(620 ILCS 45/11) (from Ch. 15 1/2, par. 94)
Sec. 11.
Any such county which has voted, or hereafter votes to authorize a
tax for an airport and landing field at a rate in addition to the maximum
rate now or hereafter authorized to be levied and extended for general
county purposes, may issue bonds as in this Act provided in an amount not
to exceed one percent (1%) on the dollar valuation of all taxable property
of such county for the purpose of constructing or improving an airport and
landing field within the county; Provided, that such bonds may not be
issued to an amount, including existing indebtedness, in excess of the
constitutional limit of indebtedness.
In the event that any taxing body has voted, under the provisions of
this Act, to authorize a tax for the joint operation of an airport and
landing field with other taxing bodies at a rate now or hereafter
authorized to be levied and extended for general corporate purposes, it may
issue bonds for its proportionate share as in this Act provided in an
amount not to exceed one percent (1%) on the dollar valuation of all
taxable property of such taxing district for the purpose of participating
jointly in constructing or improving an airport and landing field;
Provided, that such bonds may not be issued to an amount, including
existing indebtedness, above the constitutional limit of indebtedness of
such taxing district.
(Source: Laws 1943, vol. 1, p. 516.)
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