There is a newer version of the Illinois Compiled Statutes
2005 Illinois 65 ILCS 5/ Illinois Municipal Code. Division 5 - Taxpayer Suits
(65 ILCS 5/1‑5‑1) (from Ch. 24, par. 1‑5‑1)
Sec. 1‑5‑1.
A suit may be brought by any taxpayer, in the name and for the
benefit of the municipality, against any person to recover any money or
property belonging to the municipality, or for any money which may have
been paid, expended, or released without authority of law. But such a
taxpayer shall file a bond for all costs, and shall be liable for all costs
in case the municipality is defeated in the suit, and judgment shall be
rendered accordingly.
(Source: Laws 1961, p. 576.)
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