(70 ILCS 1205/6-3) (from Ch. 105, par. 6-3)
Sec. 6-3.
The question as to the increase of the authorized aggregate
principal indebtedness of a park district under Section 6-2 hereof shall be
submitted to the voters of the district at the next regular election in
accordance with the general election law. The proposition as
to the increase of the authorized aggregate principal indebtedness
shall be in substantially the following form:
--------------------------------------------------------------------------------------------------------------------- Shall the authorized aggregateprincipal indebtedness of the.... YESPark District (naming it) be increased --------------------------------------------------------------------to not more than.... per centum of the NOvalue of the taxable property therein?---------------------------------------------------------------------------------------------------------------------
If a majority of the votes cast upon the proposition are in the
affirmative, the increase of the authorized aggregate principal
indebtedness shall be deemed approved.
(Source: P.A. 86-494.)
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