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[ Senate Amendment 001 ] |
92_SB0093ham001 LRB9202120MWdvam01 1 AMENDMENT TO SENATE BILL 93 2 AMENDMENT NO. . Amend Senate Bill 93 on page 1, line 3 6, after "amended", by inserting "by changing Section 10 4 and"; and 5 on page 1, immediately below line 6, by inserting the 6 following: 7 "(70 ILCS 2605/10) (from Ch. 42, par. 329) 8 Sec. 10. At the time or before incurring any 9 indebtedness, the board of trustees shall provide for the 10 collection of a direct annual tax sufficient to pay the 11 interest on such debt as it falls due, and also to pay and 12 discharge the principal thereof as the same shall fall due, 13 andat leastwithin 30twentyyears from the time of 14 contracting the same: Provided that any such tax levied to 15 pay the interest on bonds and to discharge the principal 16 thereof for bonds heretofore issued prior to November 6, 17 1956, or for Refunding Bonds thereafter issued to refund said 18 bonds, shall be levied and extended only upon property within 19 the territorial limits of such sanitary districts as said 20 territorial limits existed on November 6, 1956. 21 (Source: Laws 1955, p. 677.)".