65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-66-11

(65 ILCS 5/11-66-11) (from Ch. 24, par. 11-66-11)

Sec. 11-66-11.

All municipal coliseums established and maintained under "An
Act to enable cities and villages having a population not to exceed five
hundred thousand (500,000), to establish and maintain public and municipal
coliseums," approved June 27, 1913, as amended, which were in existence
immediately prior to January 1, 1942, shall be treated as properly
established under this Division 66 and may be continued to be maintained
under this Division 66. All cities and villages whose electors have
approved the levy of an annual tax for a public municipal coliseum under
that Act may continue to levy the tax under this Division 66 without
submitting the question of its levy to the electors for approval.

(Source: Laws 1961, p. 576.)

65 ILCS 5/Art. 11 Div. 67

(65 ILCS 5/Art. 11 Div. 67 heading) DIVISION 67.

COLISEUMS IN MUNICIPALITIES OF

75,000 OR LESS

65 ILCS 5/11-67-1

(65 ILCS 5/11-67-1) (from Ch. 24, par. 11-67-1)

Sec. 11-67-1.

Subject to a referendum vote, any municipality having a
population of 75,000 or less, may acquire, construct, manage, control,
maintain, and operate within its corporate limits a municipal coliseum with
all necessary adjuncts thereto.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-67-2

(65 ILCS 5/11-67-2) (from Ch. 24, par. 11-67-2)

Sec. 11-67-2.

Whenever, in a specified municipality not less than 5%
of the electors voting at the last preceding general municipal election
petition the municipal clerk for the submission to a referendum vote the
proposition of establishing and maintaining a municipal coliseum, the municipal
clerk shall certify the proposition for submission at an election in accordance
with the general election law. The proposition shall be substantially in the
following form:

--------------------------------------------------------------
    Shall the city (or village or            YES
incorporated town) of .... establish    ----------------------
and maintain a municipal coliseum?           NO
--------------------------------------------------------------

If a majority of the votes cast upon the proposition are in favor thereof,
a municipal coliseum shall be established and maintained in that municipality.

(Source: P.A. 81-1489.)

65 ILCS 5/11-67-3

(65 ILCS 5/11-67-3) (from Ch. 24, par. 11-67-3)

Sec. 11-67-3.

Every such municipality has the power to acquire by
dedication, gift, lease, contract, or purchase, all property and rights,
necessary or proper, within the corporate limits of the municipality for
municipal coliseum purposes.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-67-4

(65 ILCS 5/11-67-4) (from Ch. 24, par. 11-67-4)

Sec. 11-67-4.

Every such municipality has the power to levy and collect taxes for
the purpose of establishing and maintaining a municipal coliseum.
However, any tax levied to establish and maintain such a coliseum shall
not exceed .025% of the value, as equalized or assessed by the
Department of Revenue, of all taxable property within
that municipality.

These taxes shall be in addition to the amount authorized to be
levied for general purposes under Section 8-3-1.

The foregoing limitation upon tax rate may be increased or decreased
according to the referendum provisions of the General Revenue Law of
Illinois.

(Source: P.A. 81-1509.)

65 ILCS 5/11-67-5

(65 ILCS 5/11-67-5) (from Ch. 24, par. 11-67-5)

Sec. 11-67-5.

Every such municipality has the power to borrow money
on the credit of the municipality and to issue bonds, in the manner
provided by law, for the purpose of establishing and maintaining a
municipal coliseum. But no issue of bonds shall be valid unless the
proposition of issuing the bonds is first certified by the municipal clerk
and submitted to the electors of
the municipality and is approved by a majority of those voting on the
proposition. The proposition shall be substantially in the following form:

--------------------------------------------------------------
    Shall bonds for the purpose of
establishing and maintaining a                   YES
municipal coliseum, in the amount            -----------------
of $....(insert amount), be issued               NO
by the ....(insert name of municipality)?
--------------------------------------------------------------

Each year after bonds are issued under this Division 67 and until all
bonds so issued are retired, there shall be included in and added to the
taxes levied for municipal purposes, a direct annual tax for an amount
sufficient to pay the interest as it accrues on each bond so issued, and
also to pay the principal of these bonds at par value, as the bonds
respectively fall due. Any tax levied to pay off any bond issue
hereafter approved shall not exceed .05% of the value, as equalized or
assessed by the Department of Revenue, upon the taxable
property within the municipality.

(Source: P.A. 81-1489; 81-1509.)

65 ILCS 5/11-67-6

(65 ILCS 5/11-67-6) (from Ch. 24, par. 11-67-6)

Sec. 11-67-6.

Every such municipality which establishes and owns a
municipal coliseum has the power to license or lease all or any part of the
coliseum to assemblages for definite short periods of time, upon such terms
and compensation as may be prescribed by the corporate authorities or as
may be determined by ordinances, rules, or regulations passed or prescribed
by the corporate authorities.

(Source: Laws 1961, p. 576.)