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Public Act 097-1103
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| SB3184 Enrolled | LRB097 19368 KMW 64621 b |
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AN ACT concerning local government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Park District Code is amended by changing |
Section 6-2 as follows:
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(70 ILCS 1205/6-2) (from Ch. 105, par. 6-2)
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Sec. 6-2.
For the payment of land condemned or purchased |
for parks
or boulevards, for the building, maintaining, |
improving and protecting
of the same and for the payment of the |
expenses incident thereto, or for
the acquisition of real |
estate and lands to be used as a site for an
armory, or for the |
refunding of its bonds which are payable solely from
the |
revenues derived from the operation of any of its facilities, |
any
park district is authorized to issue the bonds or notes of
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such park district and pledge its property and credit therefor |
to an
amount including existing principal indebtedness of such |
district so that the
aggregate principal indebtedness of such |
district does not exceed 2.875% of the
value of the taxable |
property therein, to be ascertained by the last
assessment for |
state and county taxes previous to the issue from time to
time |
of such bonds or notes, unless a petition, signed by voters in |
number
equal to not less than 2% of the voters of the district, |
who voted at the
last general election in the district, asking |