Illinois General Assembly - Illinois Compiled Statutes

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65 ILCS 5/11-128-2

(65 ILCS 5/11-128-2) (from Ch. 24, par. 11-128-2)

Sec. 11-128-2.

Whenever any specified municipality desires to avail itself
of the provisions of this Division 128, the corporate authorities by
ordinance or resolution may contract for the purchase, construction, or
enlargement of waterworks for a provisionally certain fixed sum. The
contract for purchase, construction, or enlargement, together with a report
from the municipal engineer recommending the same, shall be published at
least once a week for 3 consecutive weeks in a newspaper with a general
circulation in the municipality. The corporate authorities shall also
provide in the specified ordinance or resolution for the levying of a
direct annual tax as authorized in Section 11-128-1. The total of this tax
for the term levied, together with the annual revenue which is estimated to
be derived from the waterworks, shall be sufficient to pay the contract
price for the waterworks, together with interest thereon. However, the
contract for the purchase, construction, or enlargement, and this tax,
shall not be valid or binding until confirmed by a vote as provided by
Section 11-128-3.

(Source: Laws 1961, p. 576.)