(110 ILCS 805/7-22) (from Ch. 122, par. 107-22)
Sec. 7-22.
Warrants drawn and issued under Section 7-21 shall be numbered
consecutively in the order of their issuance and shall show upon their face
that they are payable solely from the taxes when collected, and not
otherwise, and that payment thereof will be made in the order of their
issuance, beginning with the warrant having the lowest number, and shall be
received by any collector of taxes in payment of taxes against which they
are issued. The warrants shall be signed by the chairman and secretary of
the board. The taxes against which the warrants are drawn shall be set
apart and held for their payment, as herein provided. The warrants shall
bear interest, payable out of the taxes against which they are drawn, at
the rate of not to exceed 6% per annum, from the date of their issuance
until paid, or until notice is given by publication in a newspaper or
otherwise that the money for their payment is available and that they will
be paid on presentation.
(Source: P.A. 76-1505.)
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