(65 ILCS 5/11-23-6) (from Ch. 24, par. 11-23-6)
Sec. 11-23-6.
The corporate authorities of a city specified in this
Division 23 may provide that bonds of the city be issued for the purpose
of (1) constructing and equipping a hospital building or buildings, (2)
purchasing and maintaining an existing nonsectarian public hospital
within the city's corporate limits, or of (3) reconstructing, repairing,
remodeling, and improving, or of (4) extending and equipping, an
existing hospital building or buildings now owned and operated by the
city. These bonds shall be authorized by an ordinance and shall mature
at such time, not to exceed 20 years from their date of issue, and bear
such rate of interest, not to exceed the maximum rate authorized by the
Bond Authorization Act, as amended at the time of the making of the
contract, payable annually or semi-annually, as the corporate authorities may determine.
The ordinance providing for the issuance of these bonds shall be
submitted to the electors of the city at an election conducted in accordance
with the general election law. The proposition shall be certified by the
municipal clerk and submitted by the proper election authority. If a majority
of the votes cast on this proposition are favorable, the bonds shall be
issued for the purpose and in the amount specified in the ordinance. Prior
to July 1, 1944, however, in the event that aid is to be received from any
agency of the Federal Government in the construction of the project for
which these bonds are to be issued and a declaration of that fact is set
forth in the ordinance providing for the issuance of the bonds, the
ordinance shall become effective immediately upon passage, without
submission to the electors and notwithstanding any provision in this Code
or in any other law to the contrary. The declaration of the corporate
authorities that the project is to be paid for either in whole or in part
by a grant from a Federal agency, as set forth in the ordinance, is
conclusive. These bonds shall be signed by the president and secretary of
the hospital board and by the mayor and city clerk, or commissioner of
accounts and finance of the city, and shall be payable out of the taxes to
be collected for hospital purposes in that city.
With respect to instruments for the payment of money issued under this
Section either before, on, or after the effective date of this amendatory
Act of 1989, it is and always has been the intention of the General
Assembly (i) that the Omnibus Bond Acts are and always have been supplementary
grants of power to issue instruments in accordance with the Omnibus Bond
Acts, regardless of any provision of this Act that may appear to be or to
have been more restrictive than those Acts, (ii) that the provisions of
this Section are not a limitation on the supplementary authority granted by
the Omnibus Bond Acts, and (iii) that instruments issued under this Section
within the supplementary authority granted by the Omnibus Bond Acts are not
invalid because of any provision of this Act that may appear to be or to
have been more restrictive than those Acts.
(Source: P.A. 86-4.)
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