(70 ILCS 1245/2) (from Ch. 105, par. 121)
Sec. 2.
That such park commissioners, or such corporate authorities as are
by law authorized to levy taxes or assessments for the maintenance of such
parks, shall have power to improve, maintain and repair such street or
streets in such manner as they may deem best, and for that purpose they are
hereby authorized to pay for the improvement thereof, and from time to time
to levy, or cause to be levied and collected, a special tax or assessment
on contiguous property abutting upon such street so improved for a sum of
money not exceeding the estimated cost of such first improvement or
improvements, as shall be ordered and estimated by such board of park
commissioners, but not for any subsequent care, maintenance or repair
thereof; and to that end such board or corporate authorities shall have all
the power and authority now or hereafter granted to them respectively,
relative to the levy, assessment and collection of taxes, or assessment for
corporate purposes; and such special tax or assessments as are hereby
authorized may be divided into not exceeding ten annual installments,
bearing interest at the rate of six per cent per annum from the date of
confirmation until paid, and the assessment or installments thereof shall
be collected and enforced in the same manner as is provided by law for the
collection and enforcement of other taxes or assessments for, or on account
of such corporate bodies or boards, as aforesaid, so far as the same are
applicable.
(Source: Laws 1909, p. 294.)
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