(70 ILCS 200/255-50)
Sec. 255-50.
G.O.
bonds; election. General obligation
bonds of the Authority, the aggregate
outstanding unpaid balance of which exceeds 1 1/2% of the total assessed
valuation of all taxable property within the metropolitan area shall not
be issued until the proposition to issue the same has been certified to
the proper election officials who shall submit the proposition at an election
in accordance with the general election law. Any such proposition shall
be in substantially the following form:
-------------------------------------------------------------- Shall bonds of the "Springfield Metropolitan Exposition and YES Auditorium Authority" in the -------------------------- amount of.... Dollars ($....) NO be issued for the purpose of ....?--------------------------------------------------------------
(Source: P.A. 90-328, eff. 1-1-98.)
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