(70 ILCS 2805/32m) (from Ch. 42, par. 443m)
Sec. 32m.
Whenever the trustees of a district have been authorized by the
affirmative vote of the legal voters of the district to acquire by purchase
or construction and thereafter operate, improve or extend waterworks, as
herein provided by the provisions of this Act, the cost of the purchase or
construction of waterworks and the cost of making further improvements and
extensions thereto may be paid from the proceeds to be received from the
sale of bonds which may be issued by the district which are payable from
taxes, unlimited as to rate or amount, to be extended against all taxable
property within the district and as herein provided for in Section 11 of
this Act, from the proceeds to be received from the sale of revenue bonds
which shall not constitute an indebtedness of the district and shall be
payable solely and only from the revenues to be derived from the operation
of the waterworks of the district and from assessments to be levied against
property which will be benefited, all as may be determined by the board of
trustees and such board of trustees may elect to use any or all or any
combination of the methods above enumerated in financing the cost thereof.
If revenue bonds are to be issued pursuant to the provisions of this Act
for the purpose of paying the cost of improving or extending waterworks,
the procedure for the issuance thereof and the rights, duties, powers and
authority of the board of trustees of the district shall be the same as is
provided in this Act for the issuance of revenue bonds for the purchase or
construction of waterworks by a sanitary district. It shall constitute no
objection to any special assessment that the improvement for which the same
is levied is situated partly outside the limits of such sanitary district
but no special assessment shall be made upon property situated outside of
such sanitary district and in no case shall any property be assessed more
than it will be benefited by the improvement for which the assessment is
levied or more than its proportionate share of the cost of such
improvement. The proceedings for making, levying, collecting and enforcing
of any special assessment levied hereunder, the letting of contracts,
performance of the work and all other matters pertaining to the
construction and making of the improvement shall be the same as nearly as
may be as is prescribed in Division 2 of Article 9 of the Illinois
Municipal Code, approved May 29, 1961, as heretofore and hereafter
amended. Whenever in said Division 2 the word "city council" or the words
"board of local improvements" are used the same shall apply to the board of
trustees constituted by this Act, and the word "mayor" or "president of the
board of local improvement" shall apply to the president of the board of
trustees constituted by this Act, and the words applying to the city or its
officers in that Article shall be held to apply to the sanitary district
authorized to be organized under the provisions of this Act and its
officers.
(Source: Laws 1963, p. 772.)
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