(65 ILCS 5/9-3-41) (from Ch. 24, par. 9-3-41)
Sec. 9-3-41.
Whenever any assessment has been levied against any real
estate, the assessment or installments thereof shall become delinquent the
first day of July next after the due date thereof and bear interest after
delinquency at the rate as in this Division 3 provided until paid, or until
such real estate is sold for the payment thereof, as in this Division 3
provided. The assessment after delinquency shall continue to be collected
by the authorized collector of any such municipality. Such municipality
shall institute proceedings to foreclose and sell property for the payment
of any assessment, or installment thereof, remaining delinquent 6 months
after delinquency date. Any holder of any bond or of any interest coupon is
entitled to summary relief by mandamus or injunction to enforce the
provisions hereof.
(Source: Laws 1961, p. 576.)
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