(70 ILCS 1275/2) (from Ch. 105, par. 255.28)
Sec. 2.
If the entire amount of the bonds to be issued does not exceed the
sum of $5,000 or does not exceed .066 per cent of the value of all
taxable property in the district as equalized or assessed by the
Department of Revenue, the issuance of the bonds may be
authorized by resolution of the board of the park district at any
regular meeting or at a special meeting called for that purpose, without
submitting the proposition to a vote of the electors of the district.
(Source: P.A. 81-1509.)
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