There Is a Newer Version of the Illinois Compiled Statutes
2005 Illinois Code - 75 ILCS 16/ Public Library District Act of 1991. Article 45 - Bonds And Referenda Under Repealed Acts
(75 ILCS 16/45‑5)
Sec. 45‑5.
Bonds and referenda under repealed Acts.
Repeal of "An Act in
relation to the creation of public library districts", approved May 16, 1957,
and repeal of the Illinois Public Library District Act shall not abrogate any
referendum held under either of those Acts, but the referendum shall be given
full effect as if conducted under this Act. Nor shall the repeal of those Acts
abrogate any bonds issued under either repealed law, but those bonds shall
continue to be deemed as a valid bond issue and legally binding upon the
district having sold the bonds, and the district may continue to levy the taxes
necessary and sufficient to pay the principal of and interest upon those bonds
under this Act.
(Source: P.A. 87‑1277.)
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