At the time of or before incurring any indebtedness, the board of trustees shall provide for the collection of a direct annual tax sufficient to pay the interest on such debt as it falls due, and also to pay and discharge the principal thereof, as the same shall fall due, and at least within twenty years from the time of contracting the same.
70 ILCS 2805/13
Known as the Sanitary District Act
The act spans §§ 70-2205-0-01 to 70-2805-93 (330 sections).
Laws 1935-36, Fourth Sp
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.