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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(105 ILCS 5/12-15) (from Ch. 122, par. 12-15)
Sec. 12-15.
Bonds to pay tuition or judgments - Resolution - Election.
Any nonhigh school district may issue bonds for the purpose of
paying unpaid tuition claims or judgments which have been obtained by
any school district against the nonhigh school district on unpaid
tuition claims, or for the purpose of paying other claims against the
nonhigh school district.
Before any such district issues any such bonds the board of education
thereof shall examine and consider the claims for unpaid tuition and
other claims proposed to be paid including any judgments obtained
against the district on unpaid tuition claims and if it appears that
such claims and judgments were authorized and allowed for proper
nonhigh school purposes, it shall adopt a resolution so declaring and
set forth and describe in detail such claims and judgments and the
adoption of the resolution shall establish the validity thereof. The
intention of the district to issue bonds for the purpose of paying such
claims and judgments shall be declared in the resolution and it shall be
directed therein that notice of such intention be published in accordance
with the general election law. The
proposition to issue bonds shall be certified to the proper election authorities
for submission to the voters of the district at a regular
scheduled election, in accordance with the general election law and if
approved by a majority of such voters voting thereon the district may
issue the bonds. In addition to the requirements in the general election
law notice of the election shall set forth the intention of
the district to issue bonds under the provisions of this Section. The
proposition shall be in substantially the following form:
OFFICIAL BALLOT
Shall the Board of Education ofNonhigh School District No....., YES.... County, Illinois, be authorized to issue bonds as authorized by NOSection 12-15 of the School Code?
(Source: P.A. 81-1489.)
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