State of Illinois
92nd General Assembly
Legislation

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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    and  at  least  within  30  twenty  years  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.)".

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