Illinois Compiled Statutes
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TOWNSHIPS60 ILCS 1/140-15
(60 ILCS 1/) Township Code.
(60 ILCS 1/140-15)
The township board shall, in the resolution authorizing
the bonds, provide for the collection of a direct annual tax sufficient to pay
the interest and principal of the bonds as each falls due. A certified copy of
the resolution authorizing the bonds and levying the tax shall be filed in the
office of the county clerk of the county in which the township is located, and
the county clerk shall extend annually against the property in the township a
tax sufficient to raise in each year the amount provided in the resolution for
the payment of principal and interest in that year.
(Source: P.A. 86-4; 88-62.)
60 ILCS 1/Art. 145
(60 ILCS 1/Art. 145 heading)
TOWNSHIP HALL, TOWNSHIP
COEXTENSIVE WITH CITY
60 ILCS 1/145-5
(60 ILCS 1/145-5)
Petition and referendum to build or purchase township hall.
(a) Whenever it is desired to build or purchase a township hall in any
township whose boundaries are coextensive with the limits of an incorporated
city, 25 electors of the township may, before the time of giving notice of the
annual township meeting, file with the township clerk a petition in writing
that the proposition of building or purchasing a township hall, as the case may
be, and the issuing of bonds for the building or purchase be submitted to the
voters of the township at an election. The proposition shall be clearly stated
in the petition substantially as follows: "Shall (name of township) borrow
$(amount) to build or purchase a township hall and issue bonds for the building
or purchase?" The petition shall be filed in the office of the township clerk.
(b) The township clerk shall certify the proposition to the proper election
officials, who shall submit the proposition to the legal voters of the township
at an election held in accordance with the general election law. The form of
the proposition shall be substantially as follows:
Shall (name of township) borrow $(amount) to build or
purchase a township hall and issue bonds for the building or purchase?
The votes shall be recorded as "Yes" or "No".
(c) Notwithstanding any provision of this Section to the contrary, any township whose boundaries are coextensive with the limits of an incorporated city may, by ordinance or resolution, build or purchase a township hall without referendum approval, if the building or purchasing of the township hall is paid or provided for with funds that are not the proceeds of bonds authorized under this Article.
(Source: P.A. 96-1397, eff. 7-29-10.)
60 ILCS 1/145-10
(60 ILCS 1/145-10)
Issuance of bonds; terms.
(a) If a majority of the votes cast on the question under Section 145-5 are
in favor of the question, the township may issue bonds in denominations of not
less than $100 nor more than $1,000 each, payable respectively in not less than
one nor more than 20 years, with interest payable annually of not more than 6%
per annum. The amount of the bonds issued shall not exceed 2.3% of the value of
taxable property of the township as ascertained by the assessment for the State
and county tax for the preceding year or, until January 1, 1983, if greater,
the sum that is produced by multiplying the township's 1978 equalized assessed
valuation by the debt limitation percentage in effect on January 1, 1979, nor
shall the amount of the bonds exceed, including the then existing indebtedness
of the township, 5.75% of the value of the taxable property of the township as
ascertained by the assessment for the State and county tax for the preceding
(b) If a majority of the legal voters voting on the proposition are in favor
of the proposition, the supervisor and township clerk shall issue a sufficient
amount, in the aggregate, of the bonds of the township for the purpose of
building or purchasing, as the case may be, a township hall, not to exceed the
amount voted upon under Section 145-5. The bonds shall not be sold or disposed
of for less than their par value.
(Source: Laws 1907, p. 572; P.A. 81-1550; 88-62.)
60 ILCS 1/145-15
(60 ILCS 1/145-15)
The city council of the city whose territory is
coextensive with the township shall provide for the collection of a direct
annual tax sufficient to pay the interest on the debt as it falls due and also
to pay and discharge the principal within 20 years from the time of contracting
the debt. The amount of the tax shall be certified to the county clerk by the
township clerk annually at the time required by law, shall be extended by the
county clerk against the taxable property of the township as other taxes, and
shall be collected at the same time and in the same manner as other taxes are
collected. The tax, when collected, shall be held by the township collector as
a fund out of which shall be paid the bonds and the interest on the bonds
according to the tenor and effect of the bonds, upon the order of the
supervisor and township clerk.
(Source: Laws 1907, p. 572; P.A. 88-62.)