The limitations prescribed in Section 1 of this Act shall not apply to any indebtedness incurred by any city, village or incorporated town under "An Act to authorize certain cities, villages and incorporated towns to issue bonds for the payment of past due salaries to firemen and policemen," enacted by the Sixty-second General Assembly.
50 ILCS 405/1.15
Known as the Local Government Debt Limitation Act
The act spans §§ 50-405-0-01 to 50-405-1-5d (21 sections).
P.A. 87-895.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.