Sec. 32-6.2. Bonded indebtedness.
96 words·~1 min read·
/il/chapter-105/act-5/32-6-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 32-6.2. Bonded indebtedness. The disconnection of any land under Section 32-6.1 shall not exempt it from taxation for the purpose of paying any bonded indebtedness contracted prior to the disconnection, but such land shall be assessed and taxed for this purpose until such indebtedness is completely paid, the same as though not disconnected. After the disconnection the county clerk of the county in which such land is situated shall not include such land within the limits of such school district for any purpose, except as stated herein, but shall include it within the adjoining district.