98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB1464

 

Introduced 2/6/2013, by Sen. David S. Luechtefeld

 

SYNOPSIS AS INTRODUCED:
 
105 ILCS 5/19-5  from Ch. 122, par. 19-5

    Amends the School Code. Makes a technical change in a Section concerning bonds.


LRB098 09582 NHT 39728 b

 

 

A BILL FOR

 

SB1464LRB098 09582 NHT 39728 b

1    AN ACT concerning education.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The School Code is amended by changing Section
519-5 as follows:
 
6    (105 ILCS 5/19-5)  (from Ch. 122, par. 19-5)
7    Sec. 19-5. Registration, numbering and countersigning. All
8bonds issued under this Act, except bonds issued by school
9districts having a population of more than 500,000 inhabitants,
10before being issued, negotiated and and sold, shall be
11registered, numbered and countersigned by the treasurer who
12receives the taxes of the district. The registration shall be
13made in a book in which shall be entered the record of the
14election authorizing the directors or the board of education to
15borrow money and a description of the bonds issued, including
16the number, date, to whom issued, amount, rate of interest and
17when due.
18(Source: Laws 1961, p. 31.)