(605 ILCS 5/6-124) (from Ch. 121, par. 6-124)
Sec. 6-124.
Upon the election or selection and qualification of the first
highway commissioner, clerk and treasurer of a consolidated township road
district the highway commissioners of the respective townships so
consolidated shall deliver to such consolidated township district highway
commissioner all property and equipment of their respective districts
taking his receipt therefor and the several township treasurers shall
transfer and deliver to such consolidated township road district treasurer,
all funds of their respective districts which they may hold, taking his
receipt therefor. Any accounts or tax moneys for road purposes thereafter
payable to any township so consolidated shall be paid to the treasurer of
such consolidated township road district. Such consolidated township road
district shall succeed to and assume all obligations and contracts of each
of the townships consolidated into it other than bonded indebtedness.
With respect to bonded indebtedness for road purposes of any township so
consolidated the county clerk shall annually extend taxes against all of
the taxable property in such township so long as any of such road bonds are
outstanding, sufficient to pay the maturing principal and interest of such
bonds as the same become due, such tax to be in addition to all other taxes
for road purposes and without limitation as to rate or amount. The proceeds
of such tax when collected shall be used for payment of the principal and
interest on such bonds.
(Source: Laws 1959, p. 196.)
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