65 ILCS 55/23

Illinois · Illinois Compiled Statutes 65 ILCS 55 — Municipal Federal Grant Tax and Bond Act. · Status: effective

Cite this

Citation: 65 ILCS 55/23, Illinois, version 1 as recorded 2026-08-14, yourstate.us, https://yourstate.us/provision/1277293
Permanent ID: ys:prov:1277293@1
SHA-256: 08f44ee180586c5438f3fb7f18b99d42c8c77dde50e68037154018890a09fb9d

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Payment for any improvement done or performed under the provisions of this Act, to be paid for out of any special assessment or special tax levied in installments, as herein provided, may be made in the bonds herein provided for. If such first installment is not collected when payments fall due, vouchers therefor may be issued, payable out of the first installment when collected. Such vouchers shall bear interest at a rate not more than six per centum per annum nor less than four per centum per annum, payable annually, and shall be signed by such officers as may be by ordinance prescribed. (Source: Laws 1935-36, 1st SS, p. 39.)