(60 ILCS 1/150-50)
Sec. 150-50.
Certain townships under 5,000 population.
(a) Any township (i) in which a majority of those voting on the question
voted in favor of levying a tax for the establishment, erection, and
maintenance of a community building under the provisions of "An Act to
authorize towns having a population of fewer than 5,000 inhabitants to
purchase, acquire, establish, erect and maintain community buildings," approved
June 30, 1919, as amended (repealed), (ii) in which the tax has been levied,
and (iii) in which a board of managers has been elected and property acquired
for a community building and in which the tax has not been discontinued in the
manner provided in that repealed Act, may continue to levy and collect a tax of
not more than 0.05% of value, as equalized or assessed by the Department of
Revenue, for the establishment, erection, and maintenance of a community
building and to elect a board of managers in the manner provided in this
Article, notwithstanding the fact that the township now has a population of
more than 5,000. All the provisions of this Article, including those for the
issuance of bonds, the expenditure of the proceeds, and the use and management
of community buildings, are applicable to the township, and the board of
managers elected in the township has all the powers and duties of boards of
managers under this Article. The proceeds of any tax levied and collected in
the township for the establishment, erection, and maintenance of a community
building shall be held and used by the board of managers of the township for
that purpose.
(b) The limitations upon tax rates in this Section are subject to the
General Revenue Law of Illinois.
(Source: P.A. 81-1509; 88-62.)
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