70 ILCS 200/155-35

Current through Public Act 103-593
Section 70 ILCS 200/155-35 - Elections; general obligation bonds; form of ballot

No bonds other than revenue bonds issued pursuant to Section 155-25 shall be issued by the Authority until a proposition to issue the same has been submitted to and approved by a majority of the voters of said metropolitan area voting upon the proposition at a general election in accordance with the general election law. The Authority may by resolution order such proposition submitted at a regular election in accordance with the general election law, whereupon the recording officer shall certify the resolution and the proposition to the proper election officials for submission. Any proposition to issue bonds as herein set forth shall be in substantially the following form:

---------------------------------------------------------------

Shall general obligation bonds of the Matteson Metropolitan Civic Center Authority to the amount of .....................Dollars ($........) be issued for the purpose of ............. and shall annual taxes be authorized to be levied on all taxable property within the metropolitan area to pay such bond?

YES

----------------------------

NO

--------------------------------------------------------------

70 ILCS 200/155-35

P.A. 90-328, eff. 1/1/1998.