(50 ILCS 450/4) (from Ch. 85, par. 924)
Sec. 4.
The corporate authority of any county having less than 200,000
inhabitants or of any municipality may by resolution:
(1) provide for the acquisition, construction and equipping of a
medical service facility within the county or municipality, as the case
may be, to be leased to one or more doctors;
(2) provide for the incurrence of an indebtedness for that purpose;
(3) provide for the issuance of general obligation bonds as security
for that debt; and
(4) levy a tax, in addition to all other taxes, for the purpose of
amortizing such bonds and specify a maximum rate at which such tax may
be extended in relation to the value of all taxable property in the
county or municipality, as the case may be, as equalized or assessed by
the Department of Revenue.
However, no resolution providing for the issuance of bonds or the
levy of taxes authorized by this Act shall be effective until it has
been submitted to a referendum of the electors of the acting county or
municipality in accordance with the general election law. The question
in such referendum shall specify the maximum rate
at which the proposed tax
may be extended. If a majority of
those voting upon the proposition at such referendum vote in favor of
issuing such bonds and levying such taxes, then the resolution shall
immediately become effective.
(Source: P.A. 81-1489; 81-1509.)
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