Illinois Compiled Statutes 70 ILCS 1205/13-4 – If the vote is in favor of a voluntary dissolution of the park …
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Terms Used In Illinois Compiled Statutes 70 ILCS 1205/13-4
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
If the vote is in favor of a voluntary dissolution of the park district, there shall be no further elections for or appointment of members of the board of the district. The officers acting at the time of the vote shall close up the affairs of the district and make the necessary conveyances of the property of the district. They may levy and collect taxes for the purpose of paying the debts and obligations of the district, but they shall not create any new obligation against the district.