(55 ILCS 5/6-3013) (from Ch. 34, par. 6-3013)
Sec. 6-3013.
Effective date of resolution.
If no petition
is filed within the time herein provided, the resolution shall
be in full force and effect at the expiration of such 28-day
period, and such county may proceed to incur the indebtedness
and may issue and sell its bonds. If a petition is filed, the
resolution shall be in abeyance until the indebtedness and the
issuance of bonds in the amount described receives the favorable
vote of a majority of the voters of the county voting on the
proposition.
(Source: P.A. 86-962.)
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(55 ILCS 5/Div. 6-4 heading) Division 6-4.
Bonds for Court Houses
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(55 ILCS 5/6-4001) (from Ch. 34, par. 6-4001)
Sec. 6-4001.
Bonds for construction or remodeling of courthouses.
Any
county with a population of more than 300,000 and an increase in population
of 30% or more from any decennial census to the next such census, by
resolution of its county board may incur indebtedness for the
reconstruction and remodeling of an existing courthouse or the construction
of a new courthouse and related facilities at the same or a new location
and for the acquisition of land and fixtures therefor, issue and sell
general obligation bonds therefor and levy taxes upon all taxable property
of the county sufficient to pay the principal on the bonds at maturity and
to pay interest thereon as it falls due.
(Source: P.A. 86-962.)
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(55 ILCS 5/6-4002) (from Ch. 34, par. 6-4002)
Sec. 6-4002.
Resolution.
The resolution of the county board
authorizing the issuance of the general obligation bonds shall prescribe
all the details of the bonds and specify the total amount of the bonds to
be issued, the form and denomination of the bonds, the date they are to
bear, the place they are payable, the date or dates of maturity, which
shall not be more than 30 years after the date of the bonds, the rate of
interest, which shall not exceed that authorized by "An Act to authorize
public corporations to issue bonds, other evidences of indebtedness and tax
anticipation warrants subject to interest rate limitations set forth
therein", approved May 26, 1970, as amended, and the dates on which the
interest is payable.
(Source: P.A. 86-962.)
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(55 ILCS 5/6-4003) (from Ch. 34, par. 6-4003)
Sec. 6-4003.
Tax levy.
The resolution authorizing the bonds shall
also provide for the levy and collection of a direct annual tax upon all
taxable property in the county sufficient to pay the principal of the bonds
at maturity and to pay the interest thereon as it falls due. Such tax shall
not exceed .05% of the value of the property as equalized or assessed by
the Department of Revenue, but shall not be subject to any other statutory
limitations relative to taxes which may be extended for county purposes,
and shall not be subject to the limitations provided in Section 5-1020. The tax
may be levied without referendum.
(Source: P.A. 88-670, eff. 12-2-94.)
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