(70 ILCS 905/23) (from Ch. 111 1/2, par. 20.3)
Sec. 23.
The proposition pursuant to
Section 22 shall be in substantially the following form:
-------------------------------------------------------------- Shall the.... public health district issue bonds to the amount of.... dollars for the YES purpose of enabling the board of health to....(purpose to be stated, which shall be either -------------------------- to provide buildings for or to make permanent improvements in NO the public health offices, facilities or laboratories)?--------------------------------------------------------------
In case a majority of the votes cast upon the proposition shall be in
favor of the issuance of such bonds, the board of health shall issue the
bonds of the district not exceeding the amount authorized by the
referendum. Such bonds shall become due not more than 20 years after their
date, shall be in denominations of $100 or any multiple thereof, and
shall bear interest, evidenced by coupons, at a rate not exceeding five
per cent per annum, payable semi-annually, as shall be determined by the
board.
(Source: P.A. 81-1489.)
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